The ABC Company has sales of $22,500 total cost of %16,870 and taxes of $1570. The divided
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The ABC Company has sales of $22,500 total cost of %16,870 and taxes of $1570. The divided payout ratio is 14 percent. Sales are expected to increase by 25 percent next year. What is the pro forma addition to retained earning assuming all cost vary proportionately with sales?
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