EXLO Company has current sales of $100,000 and projected annual sales growth of 5%,profit margins of 3%,and its dividend policy is to have a dividend payout of 15% per year.The forecasted retained earnings for next year are:
A) $472.50
B) $2,677.50
C) $16,222.50
D) $91,927.50
Correct Answer:
Verified
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