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The Following Balance Sheet and Income Statement Should Be Used

Question 72

Multiple Choice

The following balance sheet and income statement should be used: The following balance sheet and income statement should be used: The profit margin, the debt-equity ratio, and the dividend payout ratio are constant. Sales are expected to increase by $4,624 next year. What is the projected addition to retained earnings for next year? A) $229.44 B) $1,108.96 C) $1,663.44 D) $2,241.41 E) $2,772.40 The following balance sheet and income statement should be used: The profit margin, the debt-equity ratio, and the dividend payout ratio are constant. Sales are expected to increase by $4,624 next year. What is the projected addition to retained earnings for next year? A) $229.44 B) $1,108.96 C) $1,663.44 D) $2,241.41 E) $2,772.40 The profit margin, the debt-equity ratio, and the dividend payout ratio are constant. Sales are expected to increase by $4,624 next year. What is the projected addition to retained earnings for next year?


A) $229.44
B) $1,108.96
C) $1,663.44
D) $2,241.41
E) $2,772.40

Correct Answer:

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