Question: Problem 4-8 Fleming, Inc had a dividend payout ratio of 30% this year, which resulted in a payout of $80,000 in dividends. Return on Sales

Problem 4-8 Fleming, Inc had a dividend payout ratio of 30%

Problem 4-8 Fleming, Inc had a dividend payout ratio of 30% this year, which resulted in a payout of $80,000 in dividends. Return on Sales (ROS) was this year and is expected to increase to 9% next year. If Fleming expects to have 5305 100 available from rext year's retained eamings, what percent increase is it forecasting in revenues? Round you answer to the nearest whole percentage 90

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