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What must have been their net income for the year

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Reference no: EM132710153

Question - On Sept 30th, the Disney Corp had a Retained Earnings balance of $7,933 million. One year later it had jumped to $9,557 million. They sold no stock during the year but did pay $442 million in common dividends. Their DPS = $0.51. Given this information:

Required -

a. What must have been their net income for the year?

b. How many shares of stock must be outstanding?

Reference no: EM132710153

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