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13. (Percentage of sales retained earnings) A company reported $250,000 of retained earnings on its balance sheet last year. In the coming year it expects
13. (Percentage of sales retained earnings) A company reported $250,000 of retained earnings on its balance sheet last year. In the coming year it expects sales of $800,000. Forecast the end-of-coming-year balance of retained earnings if the company has a: a. Net margin ratio of 12% and a dividend payout ratio of 40% b. Net margin ratio of 8% and a dividend payout ratio of 15% c. Net margin ratio of 5% and a dividend payout ratio of 75%
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