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Nara Ltd.'s sales for 2019 were $3,000,000 its total asset turnover ratio was 0.80x and its net income was $418,674. If the dividend payout ratio
Nara Ltd.'s sales for 2019 were $3,000,000 its total asset turnover ratio was 0.80x and its net income was $418,674. If the dividend payout ratio for Nara is 24%, what was the amount of the addition to the retained earnings account for the year ended December 31, 2019? $318,192 $576,000 O $418,674 $100,482
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