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Year 2010 ending retained earnings were $5 million. Year 2011 forecasted net income is $1 million with a 10% dividend payout ratio. What are the

Year 2010 ending retained earnings were $5 million. Year 2011 forecasted net income is $1 million with a 10% dividend payout ratio. What are the forecasted retained earnings for year 2011? What are the forecasted retained earnings for year 2011? A- $18,000 B- $20,000 C- $5.4 million

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