What will be the retained earnings on echos balance sheet

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Reference no: EM131151462

Echo Corporation is into farming tractor-manufacturing business.

At the end of year 1, their retained earnings are $250, and cash is $100. In year 2, Echo makes a net loss of $30.

In year 3, Echo makes a net profit of $50 and also issues dividends of $25 to its shareholders. Due to these transactions, what will be the Retained Earnings on Echo's Balance Sheet after Year 3? What will be cash after year 3?

1. Echo Corporation is into farming tractor-manufacturing business. At the end of year 1, their retained earnings are $250, and cash is $100. In year 2, Echo makes a net loss of $30. In year 3, Echo makes a net profit of $50 and also issues dividends of $25 to its shareholders. Due to these transactions, what will be the Retained Earnings on Echo's Balance Sheet after Year 3? What will be cash after year 3?

Reference no: EM131151462

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