Question: QUESTION 2 Find the increase in retained earnings for the year 2013 with the following information. Hint: understand the components of additional funding needed (AFN)

QUESTION 2 Find the increase in retained earnings for the year 2013 with the following information. Hint: understand the components of additional funding needed (AFN) Year 2012 net income: $1M Year 2012 net sales: $10M Year 2012 retentions ratio (retained earnings divided by net income): 50% Year 2013 net sales: $12M O E $1.5M QUESTION 3 LIuit Click Save All Answers to save all answers

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