If a corporation earns $270,000 and the payout ratio (proportion distributed) is 30 percent, what is the

Question:

If a earns $270,000 and the payout ratio (proportion distributed) is 30 percent, what is the change in retained earnings?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...