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Fleming, Inc. had a dividend payout ratio of 29% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was
Fleming, Inc. had a dividend payout ratio of 29% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was 9% this year and is expected to increase to 10% next year. If Fleming expects to have $305,100 available from next year's retained earnings, what percent increase is it forecasting in revenues? Round you answer to the nearest whole percentage. % Fleming, Inc. had a dividend payout ratio of 29% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was 9% this year and is expected to increase to 10% next year. If Fleming expects to have $305,100 available from next year's retained earnings, what percent increase is it forecasting in revenues? Round you answer to the nearest whole percentage. %
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