Multiple Choice
The profit margin, the debt-equity ratio, and the dividend payout ratio for Fake Stone, Inc.are constant.Sales are expected to increase by $1,062 next year.What is the projected addition to retained earnings for next year?
A) $92.34
B) $188.55
C) $1,909.16
D) $2,144.34
E) $2,386.08
Correct Answer:
Verified
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