Question
Swank Clothiers earned $1,060 million last year and had a 35 percent payout ratio. How much did the firm add to its retained earnings? (Do
Swank Clothiers earned $1,060 million last year and had a 35 percent payout ratio.
How much did the firm add to its retained earnings? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).)
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The Structured Credit Handbook
Authors: Arvind Rajan, Glen McDermott, Ratul Roy
1st Edition
0471747491, 978-0471747499
