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THE ANSWER 1,036,000 IS WRONG Swank Clothiers earned $1,480 million last year and had...

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THE ANSWER 1,036,000 IS WRONG

Swank Clothiers earned $1,480 million last year and had a 30 percent payout ratio. How much did the firm add to its retained earnings? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) Addition to retained earnings $ 1,036

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