Netflix paid out $12 million in dividend in 2021. Its retained earnings is $34 million. What is its net income?Group of answer choices$408 million$2.83 million$46 million$22 million
Question
Netflix paid out 34 million. What is its net income?Group of answer choices2.83 million22 million
Solution
The net income can be calculated using the formula:
Net Income = Dividends Paid + Retained Earnings
Given that Netflix paid out 34 million, we can substitute these values into the formula:
Net Income = 34 million = $46 million
So, the net income of Netflix in 2021 was $46 million.
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