Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year?
A)$1,711.15
B)$1,898.67
C)$1,904.26
D)$1,969.92
E)$2,105.63

Question

Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year?
A)$1,711.15 
B)$1,898.67 
C)$1,904.26 
D)$1,969.92 
E)$2,105.63

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The Answer of  
Fake Stone, Inc.is projecting sales to decrease by 4 percent next year while the profit margin remains constant.The firm wants to increase the dividend payout ratio by 2 percent.What is the projected increase in retained earnings for next year?
A)$1,711.15 
B)$1,898.67 
C)$1,904.26 
D)$1,969.92 
E)$2,105.63