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A company reported its sales for year 2019 to be sh 40,000 and these sales are expected to grow by 12% pa for each of
A company reported its sales for year 2019 to be sh 40,000 and these sales are expected to grow by 12% pa for each of the 3 years 2020, 2021 and 2022. Dividend payout ratio of 30% is to be applied and the profit after tax has been set at 15% of sales. Calculate the expected retained earnings for the year 2022.
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To calculate the expected retained earnings for the year 2022 we need to find the sales for each yea...
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
