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Question 34-25 Marks The profit margin of Jual's Kitchen Products In 2020 was 7 percent and the dividend payout ratio 20 percent. The company expects

Question 34-25 Marks The profit margin of Jual's Kitchen Products In 2020 was 7 percent and the dividend payout ratio 20 percent. The company expects sales of $253,000 in 2022. Calculate the projected increase in retained earnings

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