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What is the projected retained earnings on the income

Assume the profit margin and dividend payout ratios are constant. What is the projected retained earnings on the Income Statement if sales increase by 7 percent? Currently, the firm's sales =$4,700, net income is $420, total assets=7890, dividends=125, A/P =790, LTD= 3130, and common stock=2780, and retained earnings =1190.

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Finance Basics: What is the projected retained earnings on the income

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