TABLE 2-17
The following table presents total retail sales in millions of dollars for the leading apparel companies during April 2009 and April 2010.
-Referring to Table 2-17, construct a table of column percentages.
Definitions:
Dividends in Arrears
Unpaid dividends on cumulative preferred stock that must be paid out before any dividends can be distributed to common shareholders.
Retained Earnings
The portion of net income that is retained by the company rather than distributed to its owners as dividends.
Journal Entries
The recordings of financial transactions in a ledger, marking the first step in the accounting cycle.
Year-End Balance
The financial position of an account at the end of the fiscal year after all debits and credits are taken into account.
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