George Consulting, Inc. is currently operating at 90 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 8% next year. What is the projected addition to retained earnings for next year given the current retained earnings stand at $415.50mn?

Select one: 

a. $149.58 

b. $598.32 

c. $299.16 

d. $650.24 

e. $448.74

Answer rating: 100% (QA)

George Consulting is currently operating at 90 capacity it means i... View the full answer