10 por You have the following information from 2020 and are looking to forecast 2021....
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10 por You have the following information from 2020 and are looking to forecast 2021. In 2021 you expect sales to be equal to 511 million. Assume the payout ratio is 40%. Using the "Percent-of-Sales" method, what amount of Retained Earnings will the company generate in 20212 Account 2020 Information Costs (excluding Depreciation) 74% of Sales Depreciation 6% of Sales ho Cost of Debt 796 Debt $20 million Taxes 1.5% of Sales Tax rate 2596 $300,000 $420,000 $360,000 $240,000
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