Mathematics, 16.02.2021 04:00, hjgdk6018

Purple Dog Pet Supply Inc. (PDPS) released its annual results and financial statements. Lucia is reading the summary in the business pages of today's paper. In its annual report this year PDPS reported a net income of $110,000. Last year, the company reported a retained earnings balance of $425,000, whereas this year it increased to $500,000. How much was paid out in dividends this year?

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Purple Dog Pet Supply Inc. (PDPS) released its annual results and financial statements. Lucia is rea...