Multiple Choice
A Montreal firm currently has sales of $864,000, a 34% marginal tax rate, and a dividend payout ratio of 55%. Costs equal 85% of sales. What is the anticipated increase to retained earnings if sales are expected to increase by 6%?
A) $38,492
B) $40,801
C) $47,044
D) $49,867
E) $90,668
Correct Answer:
Verified
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