The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 5.3 percent...
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Accounting
The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 5.3 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings?
| $16,231 | |
| $17,500 | |
| $18,300 | |
| $20,600 | |
| $21,000 |
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