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The Corner Store has sales of $68,900, dividends of $1,960, and net Income of $4,900. The firm is expecting sales to decrease by 3 percent
The Corner Store has sales of $68,900, dividends of $1,960, and net Income of $4,900. The firm is expecting sales to decrease by 3 percent next year while the profit margin remains constant. The firm wants to Increase the dividend payout ratlo by a fixed 2.5 percent. What is the projected increase in retalned earnings for next year? Multiple Choice $1,867 $2.733 $1.969 $3.438
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