Springsteen Music Company earned $495 million last year and paid out 23 percent of earnings...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Springsteen Music Company earned $495 million last year and paid out 23 percent of earnings in dividends. a. By how much did the companys retained earnings increase? (Enter the answer in millions. Round the final answers to 2 decimal places.) Additional retained earnings $ million b. With 100 million shares outstanding and a share price of $138, what is the dividend yield? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Dividend yield %
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
