140k views
5 votes
Doopey company has retained earnings of ________?

User Anthonyeef
by
8.6k points

1 Answer

1 vote

Final answer:

Without specific financial data for Doopey company, the exact retained earnings cannot be provided. Retained earnings reflect profits reinvested back into the company after dividends are paid and for S&P 500 companies, profits grew by 9.7% from 2009 through 2013.

Step-by-step explanation:

The student's question 'Doopey company has retained earnings of ________?' relates to the financial metric retained earnings, which represents the cumulative amount of profits that a company has reinvested in itself rather than distributed to shareholders as dividends.

The context provided does not specify an exact figure for Doopey company's retained earnings. Instead, it discusses overall corporate profits growth of S&P 500 companies from 2009 through the second quarter of 2013 and detailed how these companies have managed to grow their profits by 9.7% through cost-cutting measures and reductions in input costs as reported by the Wall Street Journal.

Given this information, we can deduce that retained earnings for a company like Doopey would likely have increased during the period if they followed the same patterns as the S&P 500 companies.

However, without explicit financial data for Doopey company, an exact number for its retained earnings cannot be provided.

Generally, to find the retained earnings for any given company, one would look at its historical profitability and dividend payouts, which are detailed on its balance sheet and income statements.

User Mario GS
by
7.0k points