(Answered) The balance sheet of sterlite industries an indian producer

Finance

The balance sheet of Sterlite Industries, an Indian producer of copper, showed retained earnings of Rs26,575 at March 31, 2006. At March 31, 2007, the balance in retained earnings was Rs70,463. Sterlite declared dividends during the year ended March 31, 2007, of Rs3,544. Sterlite reports all amounts in millions of Indian Rupees (Rs). Compute Sterlite"s net income for the year ended March 31, 2007 (fiscal 2006).

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