Year 2010 ending retained earnings were 2000000 year 2011
Year 2010 ending retained earnings were 2,000,000. Year 2011 forecasted sales are $100,000 with 25% net margin and 20% divident payout ratio. What are the forecasted retained earnings for year 2011? (show formula please)
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year 2010 ending retained earnings were 2000000 year 2011 forecasted sales are 100000 with 25 net margin and 20
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