Multiple Choice
Assume a firm with 5,000 shares outstanding earns $10 per share and has a 30% plowback ratio. These earnings will cause retained earnings to:
A) increase by $15,000.
B) increase by $50,000.
C) decrease by $15,000.
D) decrease by $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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