Question
A company with a target D/E ratio of 1.2 reported earnings of $220,000 for the period just ended. If the company uses a residual dividend
A company with a target D/E ratio of 1.2 reported earnings of $220,000 for the period just ended. If the company uses a residual dividend policy and declared total dividends of $44,000, what is its addition to retained earnings?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
