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Muder's Market has sales of $28,400, net Income of $2,250, and a retention ratlo of 60 percent Assume the profit margin and the payout ratio

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Muder's Market has sales of $28,400, net Income of $2,250, and a retention ratlo of 60 percent Assume the profit margin and the payout ratio are constant and sales Increase by 6 percent. What is the pro forma retalned earnings If the current retalned earnings balance is $4,100? Multiple Choice $5.450 $5,721 $5.531 $5.648 $5.028

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