Question
A company currently has sales of $871,830, a tax rate of 25%, a dividend payout ratio of 33%, and expenses excluding taxes of $741,020. What
A company currently has sales of $871,830, a tax rate of 25%, a dividend payout ratio of 33%, and expenses excluding taxes of $741,020. What is the anticipated increase to retained earnings if sales are expected to increase by 6.75%, and expenses excl. taxes are proportional to sales?
| $63,152 | |
|
| $64,906 |
|
| $66,660 |
|
| $68,415 |
|
| $70,169 |
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
