Question: eBook Problem 4-8 Fleming, Inc, had a dividend payout ratio of 25% this year, which resulted in a payout of $80,000 in dividends. Return on

eBook Problem 4-8 Fleming, Inc, had a dividend payout ratio of 25% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was 8% this year and is expected to increase to 10% next year. If Fleming expects to have $305,100 available from next year's retained earnings, what percent increase it forecasting in revenues? Round you answer to the nearest whole percentage. X% Feedback Check My Work Incorrect

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