Question
Ally, Inc. has a profit margin of 12% and a payout ratio of 40%, which are expected to remain constant. If sales are projected to
Ally, Inc. has a profit margin of 12% and a payout ratio of 40%, which are expected to remain constant. If sales are projected to be $6 million, what is the projected net income?
$720,000
$2,400,000
$252,000
$288,000
None of the above
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Handbook Of Project Finance For Water And Wastewater Systems
Authors: Michael Curley
1st Edition
0873714865, 978-0873714860
