For pro forma purposes, the Martin-Jones Company uses a 7.5% profit margin and a 60 percent...

 

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For pro forma purposes, the Martin-Jones Company uses a 7.5% profit margin and a 60 percent dividend payout ratio. Sales for next year are projected to be $267,000. What is the projected addition to retained earnings? A) $8,660 B) $12,015 C) $8,010 D) $12,455 E) $9,120 For pro forma purposes, the Martin-Jones Company uses a 7.5% profit margin and a 60 percent dividend payout ratio. Sales for next year are projected to be $267,000. What is the projected addition to retained earnings? A) $8,660 B) $12,015 C) $8,010 D) $12,455 E) $9,120

Answer rating: 100% (QA)

Given Porofit margin 75 dividend payout ratio 60 Net income 267000 So A... View the full answer