Business, 02.07.2020 04:01 pupucitomarron

Assume the profit margin and dividend payout ratio are constant. By what amount will retained earnings increase if sales are projected to increase by 11 percent? Currently, the firm’s sales =$4,700, net income is $420, total assets=7890, dividends=125, A/P =790, LTD= 3130, and common stock=2780, and retained earnings =1190.

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Assume the profit margin and dividend payout ratio are constant. By what amount will retained earnin...

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