At January 31, 2019, Taylor Fast, Inc.'s retained earnings were $50,220 million. During the year, Taylor reported net income of $28,666 million and paid a dividend of $2,690 million. Determine Taylor's retained earnings as of January 31, 2020.

Question

Quizplus · Accepted Answer

The Answer of At January 31, 2019, Taylor Fast, Inc.'s retained earnings were $50,220 million. During the year, Taylor reported net income of $28,666 million and paid a dividend of $2,690 million. Determine Taylor's retained earnings as of January 31, 2020.