Multiple Choice
Jensen Inc.has net earnings of $24,000,000 this year and a dividend payout policy of 40% of earnings.If the firm follows its regular payout policy what will be the addition to retained earnings this year?
A) $9,600,000
B) $12,000,000
C) $14,400,000
D) $16,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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