Question
Charles River Ice Boats (CRIB) had $10,000 in Net Income last year. They paid $2,000 in Dividends and reinvested the remaining $8,000 in the company.
Charles River Ice Boats (CRIB) had $10,000 in Net Income last year. They paid $2,000 in Dividends and reinvested the remaining $8,000 in the company.
If CRIB earns a 25% return on its investment, what would the Net Income be this year?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
