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Suppose a firm has a dividend payout ratio of 25 percent and net income of $5 million. What would be the annual addition to retained

Suppose a firm has a dividend payout ratio of 25 percent and net income of $5 million. What would be the annual addition to retained earnings?

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Principles of Information Systems

Authors: Ralph M. Stair, George W. Reynolds

9th edition

978-0324665284

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