Multiple Choice
A firm currently has sales of $550,000, a 6% profit margin and a 40% dividend payout ratio. What is the anticipated amount of dividends to be paid to shareholders if sales are expected to increase by
5%?
A) $13,200
B) $13,860
C) $34,650
D) $220,000
E) $231,000
Correct Answer:
Verified
Correct Answer:
Verified
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