[Solved] Swank Clothiers earned $ 8 7 0 million la

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Swank Clothiers earned $ 8 7 0 million last year and had a 3 0 percent payout ratio. How much did the firm add to

Swank Clothiers earned $

870

million last year and had a

30

percent payout ratio.

How much did the firm add to its retained earnings?

Note: Do not round intermediate calculations. Input your answer in dollars, not millions

(

.

.,

1, 234, 000) .

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