Wendell Company provided the following pertaining to its recent year of operation: • Common stock with a $10,000 par value was sold for $46,000 cash. • Cash dividends totaling $21,400 were declared, of which $16,400 were paid. • Net income was $66,000. • A 5% stock dividend resulted in a distribution of common stock with a par value of $5,000 and a market value of $24,400 • Treasury stock costing $10,400 was sold for $8,400. How much did Wendell's retained earnings increase during the recent year of operation?

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.