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Last year, Grow Now reported sales of $9 million, net income of $350,000, total assets of $6 million, and total equity of $1 million. If
Last year, Grow Now reported sales of $9 million, net income of $350,000, total assets of $6 million, and total equity of $1 million. If the firm wants to increase sales next year by 11.05 percent and has a dividend payout ratio of 25 percent of earnings, Grow Now's contribution to retained earnings next year will be according to the sustainable growth model. $371,494 $671,082 $442,021 $381,233 cannot be determined with given information
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