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The Goodyear Tire & Rubber Company's December 31, 2016 financial statements reported the following (in millions)

Total assets	$16,511
Total liabilities	11,786
Total shareholders' equity	4,725
Dividends	82
Net income (loss)	1,264
Retained earnings, December 31, 2015	$ 4,570

What did Goodyear report for retained earnings at December 31, 2016?

Select one:

A. $5,907 million

B. $5,752 million

C. $5,916 million

D. $5,834 million

E. There is not enough information to determine the answer.

Answer 1

Answer: B. $5,752 million

Explanation

Ending Retained Earnings Calculation
	$ (in millions)
Beginning Retained earnings	4,570.00
Add: Net income	1,264.00
Less: Dividends	(82.00)
Ending Retained earnings	5,752.00