24. The profit margin, the debt-equity ratio, and the dividend payout ratio are constant. Sales are expected to increase by 5575 SO next year. What is the projected addition to retained earnings for next year? 5321.55 b. $366.35 . $389.09 d. $411.16 O A. a. $321.55 O. D. $366.35 O C. c. 5389.09 O D. d. 5411.16 23. The following balance sheet and income statement should be used for the next question KNF, Inc 20x5 Income Statement Net sales Less Cost of goods sold Less: Depreciation EBIT Less: Interest paid Taxable income Less: Taxes Net income Dividends Addition to RE $10,300 7,400 1,500 1,400 340 1,060 371 689 310.05 378.95 KNF, Inc 20x5 Balance Sheet 20x5 20x5 Cash 3 840 Accounts payable $ 1,010 Accounts rec 750 Long-term debt 4.800 Inventory 930 Common stock 5.300 Total 2.520 Retained earnings 3.770 Net fixed assets 12,360 Total assets $14,880 Total liabilities & equity 514.880 All costs and networking capital vary directly with sales Sales are projected to increase by 7 percent. What is the projected increase in accounts payable? a. $7.50 b. $15.00 c. $70.70 d. $77.70 A. a. $7.50 B. b. 515.00 CC $70.70 D. d. 577.70 a. 24. The profit margin, the debt-equity ratio, and the dividend payout ratio are constant. Sales are expected to increase by $875.50 next year. What is the projected addition to retained earnings for next year? $321.55 b. $366.35 c. $389.09 d. $411.16 O A. a. $321.55 OB. b. $366.35 C. c. 5389.09 D. d. $411.16