Business, 11.02.2020 21:33 dbethel8408

Ningbo Steel had year end 2011 and 2012 retained earnings balances of $6,000,000 and $6,600,000 respectively. The firm paid $200,000 of dividends in 2012. Based on this information, Ningbo Steelâ€™s net profit after taxes for 2012 was:

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Ningbo Steel had year end 2011 and 2012 retained earnings balances of $6,000,000 and $6,600,000 resp...