The balance sheet of Copper Industries, a producer of copper, showed retained earnings of $26,000 million at March 31, 20x1.At March 31, 20x2, the balance in retained earnings was $70,500 million .Copper declared dividends during the year ended March 31, 20x2, of $3,500 million.Compute Copper's net income for the year ended March 31, 20x2 (fiscal 20x1).
A)$41.000 million
B)$44.500 million
C)$48.000 million
D)$53.500 million
E)$58.000 million

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The Answer of The balance sheet of Copper Industries, a producer of copper, showed retained earnings of $26,000 million at March 31, 20x1.At March 31, 20x2, the balance in retained earnings was $70,500 million .Copper declared dividends during the year ended March 31, 20x2, of $3,500 million.Compute Copper's net income for the year ended March 31, 20x2 (fiscal 20x1).
A)$41.000 million
B)$44.500 million
C)$48.000 million
D)$53.500 million
E)$58.000 million

The Balance Sheet of Copper Industries, a Producer of Copper