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Jenas Company has an end-of-year retained earnings balance of $5,820 for the year just past. The company projects next year's sales to be $12,850
Jenas Company has an end-of-year retained earnings balance of $5,820 for the year just past. The company projects next year's sales to be $12,850 with a 6% net profit margin and a 25% dividend payout ratio. Forecast the ending balance of retained earnings for next year. $578. $6,398. $5,627. $6,591.
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Financial Accounting
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
1st Canadian Edition
9780132147538, 132889714, 013214753X , 978-0132889711
