Thelma and louie inc started the year with a balance of


Thelma and Louie, Inc., started the year with a balance of retained earnings of $552 million and ended the year with retained earnings of $604 million.

The company paid dividends of $42 million to the preferred stockholders and $82 million to common stockholders.

Calculate Thelma and Louie's net income for the year. (Enter your answer in millions of dollars.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Thelma and louie inc started the year with a balance of
Reference No:- TGS02821017

Expected delivery within 24 Hours