Assume the profit margin and the payout ratio of Major Manuscripts, Inc.are constant.If sales increase by 9 percent, what is the pro forma retained earnings?
A)$5,220.18
B)$5,721.42
C)$6,308.50
D)$6,648.42
E)$7,028.56

Question

Assume the profit margin and the payout ratio of Major Manuscripts, Inc.are constant.If sales increase by 9 percent, what is the pro forma retained earnings?
A)$5,220.18 
B)$5,721.42 
C)$6,308.50 
D)$6,648.42 
E)$7,028.56

Quizplus · Accepted Answer

The Answer of  
Assume the profit margin and the payout ratio of Major Manuscripts, Inc.are constant.If sales increase by 9 percent, what is the pro forma retained earnings?
A)$5,220.18 
B)$5,721.42 
C)$6,308.50 
D)$6,648.42 
E)$7,028.56

Assume the Profit Margin and the Payout Ratio of Major