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A company has sales of $938,000, a tax rate of 25 percent, a dividend payout ratio of 35 percent, and a profit margin of 10

A company has sales of $938,000, a tax rate of 25 percent, a dividend payout ratio of 35 percent, and a profit margin of 10 percent. What is the addition to retained earnings? $63,050 $60,970 $58,890 $56,810 $54,730

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