Multiple Choice
Delalo, Inc. is projecting sales to increase by 6% next year and the profit margin to remain constant. The firm wants to increase the dividend payout ratio by 12%. What is the amount of the projected addition to retained earnings for next year?
A) $337.79
B) $358.06
C) $400.00
D) $416.21
E) $441.18
Correct Answer:
Verified
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