Question
A firm had yearend retained earnings of $64,100,000. It forecasts net income for the coming year to be $9,400,000. If it plans to pay out
A firm had yearend retained earnings of $64,100,000. It forecasts net income for the
coming year to be $9,400,000. If it plans to pay out 40% of its net income as dividends, what is the
estimated balance in retained earnings at the end of the coming year?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
