Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did

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Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did the firm add to its retained earnings?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Sep 15, 2018 10:56 AM

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Auction. com earned $420 million last year and had a 35 percent payout ratio. How much did

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Addition to retained earnings earnings dividends 420 mil...View the full answer

Foundations of Financial Management

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