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Ch 9. Use the following information for Question 22 and 23. The newspaper reported last week that SunRise Enterprises earned $34.19 million this year. The
Ch 9. Use the following information for Question 22 and 23. The newspaper reported last week that SunRise Enterprises earned $34.19 million this year. The report also stated that the firms return on equity is 13 percent. The firm retains 85 percent of its earnings. What will next year's earnings be? Round to the nearest dollar and format as "XX,XXX,XXX"
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