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Assume a firm has a retention ratio of 40 percent and the total earnings of this year is $10 million. How much is the addition

Assume a firm has a retention ratio of 40 percent and the total earnings of this year is $10 million. How much is the addition to retained earnings this year?

A. $4 million

B. $6 million

C. $60 million

D. I don't know

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