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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Financial Management: Year 2010 ending retained earnings were 2000000 year 2011
Reference No:- TGS01253942

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