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HealthChow Inc. had total sales of $5 million and a net profit margin of 20%. The firm also paid out $500,000 in dividends and had
HealthChow Inc. had total sales of $5 million and a net profit margin of 20%. The firm also paid out $500,000 in dividends and had a beginning retained earnings balance of $1 million. Calculate HealthChow's ending retained earnings balance. O $500,000 $1,000,000 O $1,500,000 Not enough information is given to solve. Onone of the above
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