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Below is the latest annual report for your firm. If your target for next year is a 50% increase in top-line revenue, keeping dividends fixed,
Below is the latest annual report for your firm. If your target for next year is a 50% increase in top-line revenue, keeping dividends fixed, what is the EFN?
Income Statement | 2020 |
Total Revenue | 2,000,000 |
Total Expenses | 1,300,000 |
Net Income | 700,000 |
Dividends | 300,000 |
Retained Earnings | 400,000 |
Balance Sheet | 2020 |
Assets | 8,000,000 |
Liabilities | 4,000,000 |
Equity | 4,000,000 |
A. +$2.2m
B. +$1.8m
C. +$3.25m
D. +$6.4m
E. -$0.8m
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