Multiple Choice
Consultants, Inc. is currently operating at 90 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 8% next year. What is the projected addition to retained earnings for next year?
A) $149.58
B) $299.16
C) $448.74
D) $598.32
E) $650.24
Correct Answer:
Verified
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