Southeast Airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5 million this year. It also paid dividends of $0.2 million this year. If the sales is projected to increase by 20% next year, what is the projected retained earnings for next year?
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Southeast Airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5...
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