Question
The company had $1 million of ending retained earnings in 2015. The forecasted sales for the following year are $80,000 with 30% net margin and
The company had $1 million of ending retained earnings in 2015. The forecasted sales for the following year are $80,000 with 30% net margin and 15% dividend payout ratio. Calculate the forecasted retained earnings for that year, 2016
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
