Income statement Last year, Billys Boat Barn had net income of $1,285,000 and paid out dividends of
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Income statement Last year, Billy’s Boat Barn had net income of $1,285,000 and paid out dividends of $482,000. This year, Billy plans to implement a new project that will increase income by 15 %. If he desires to maintain a constant payout policy, how much does Billy expect to add to retained earnings this year?
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Related Book For 
Applied Corporate Finance Questions Problems And Making Decisions In The Real World
ISBN: 9781493952991
1st Edition
Authors: Mark K. Pyles
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