This 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 ratio by 2.5 percent. What is the projected increase in retained earnings for next year?

$42333 eet of gee-tie eelel m Depreelatien 3.? ED Earnlnge befere interest and taxes 5 SEED Interest paid 1.36:) = Tat-table Inca-me 5 E 34:! Dividends $1925 = Balance Sheet EndefVear $1.323 Aeceunte recel'ura le 333:! 10.103 515.303 3160:) mam:- Aeceunte payable 5 3.55:! Langterm debt 1E,1DI:I Cemmen steel-t {51 par value} 15.DI:II:I Retained earnings 12.15:! Tatal Llab. & Equity 543.933