How much in dividends did the firm pay

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Reference no: EM131842320

On 12/31/15, Hite Industries reported retained earnings of $472,500 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $445,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did the firm pay during 2015? a. $117,175 b. $131,150 c. $121,475 d. $96,750 e. $107,500.

Reference no: EM131842320

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