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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