Jade’s Jeans Company reported net income for 2016 of $ 7,520 ,000 and the company paid dividends of $0. 28 per share in 2016 . Given this information (along with the data provided above), compute what Jade’s Jeans Company reported as retained earnings on its December 31, 2015 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2015 and December 31, 2016
Jade’sJeans Company reported net income for 2016of $7,520,000and
the company paid dividends of $0.
28
per share in
2016
. Given this information (along with the data provided above), compute
what
Jade’s
Jeans
Company reported as
retained earnings
on its
December 31,
2015
balance
sheet?
(Assume that no additional
shares of stock were issued between December 31,
2015
and December 31,
2016
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