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A firm's most recent net income was $300 and they maintain a constant 30% dividend payout ratio. If the firm has a constant profit margin,

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A firm's most recent net income was $300 and they maintain a constant 30% dividend payout ratio. If the firm has a constant profit margin, what is the expected addition to retained earnings next year if sales increase 20%? a. $360 b. $210 c. $245 d. $252 e. $ 42 17

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