Question
Swank Clothiers earned $1,610 million last year and had a 30 percent payout ratio. How much did the firm add to its retained earnings? (Do
Swank Clothiers earned $1,610 million last year and had a 30 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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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
