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Fake Stone, Inc

Question 98

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Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year? A) $1,711.15 B) $1,898.67 C) $1,904.26 D) $1,969.92 E) $2,105.63 Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year? A) $1,711.15 B) $1,898.67 C) $1,904.26 D) $1,969.92 E) $2,105.63
Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year?


A) $1,711.15
B) $1,898.67
C) $1,904.26
D) $1,969.92
E) $2,105.63

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