Maddy6541 Maddy6541

19-12-2022
Business

Answered

Khadimally, Incorporated, expects sales of $763,500 next year. The net profit margin is 5.3 percent and the firm has a dividend payout ratio of 18 percent. What is the projected increase in retained earnings? Hint: RE or Retention ratio is (1 - Dividend payout ratio) A. $26,294.75 B. $137,430.00 C. $33,181.71 D. $7,283.79 E. $40,465.50

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