Thelma and louie inc started the year with a balance of, Ask an Expert

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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.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92864201

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