A firm has sales of $1.2 million, a profit margin of 5%, and a dividend payout ratio of 30%. How much will be added to retained earnings next year if sales Increase by 6%? O$15.900 O$21.600 O$47.700 O$44.520
A firm has sales of $1.2 million, a profit margin of 5%, and a dividend payout ratio of 30%. How much will be added to retained earnings next year if sales Increase by 6%? O$15.900 O$21.600 O$47.700 O$44.520
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A firm has sales of $1.2 million, a profit margin of 5%,
and a dividend payout ratio of 30%. How much will
be added to retained earnings next year if sales
Increase by 6%?
O$15,900
O$21.600
OS47,700
O$4.520
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