The cookie shoppe expects sales of 437500 next year the


The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 5.3 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings?

$16,231
$17,500
$18,300
$20,600
$21,000

 

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Finance Basics: The cookie shoppe expects sales of 437500 next year the
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