Multiple Choice
The Cookie Shoppe expects sales of $437,500 next year.The profit margin is 5.3 percent and the firm has a 30 percent dividend payout ratio.What is the projected increase in retained earnings?
A) $16,231
B) $17,500
C) $18,300
D) $20,600
E) $21,000
Correct Answer:
Verified
Correct Answer:
Verified
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