Question: Use the below information to answer the following question. This firm is currently operating at 88 percent of capacity. The profit margin and the dividend
Use the below information to answer the following question. This firm is currently operating at 88 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 6 percent next year. What is the projected addition to retained earnings for next year?
| $2,309 | ||
| $3,074 | ||
| $2,152 | ||
| $1,890 | ||
| $2,705 |
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