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RSTU, Inc had a retained earnings balance of $505,000 at the beginning of the year. During the year its net income was $75,000 and its
RSTU, Inc had a retained earnings balance of $505,000 at the beginning of the year. During the year its net income was $75,000 and its dividend payout ratio was 30%. What will its year-end retained earnings balanced be?
|
| $527,500 |
|
| $557,500 |
|
| $580,000 |
|
| $602,500 |
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