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Question 13 1 pts FM Lee Inc. had beginning retained earnings of $18,670. During the year, the company reported sales of $84,000, costs of $68,500,

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Question 13 1 pts FM Lee Inc. had beginning retained earnings of $18,670. During the year, the company reported sales of $84,000, costs of $68,500, depreciation of $8,200, dividends of $975, and interest paid of $525. The tax rate is 22 percent. What is the retained earnings balance at the end of the year? $21,947.30 $21,883.25 O $22.979.50 O $22.193.95 O $23,783.24 D Question 14 1 pts You have a portfolio worth $106,000 that has an expected return of 12 percent. The portfolio has $18,600 invested in Stock O $26,400 invested in Stock P, with the remainder in Stock Q. The expected return on Stock O is 16.3 percent and the expected return on Stock Pis13 percent. What is the expected return on Stock Q? 11.97% 12.00% 13.77% 11.19% O 10.26%

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