If a corporation earns $340,000 and the payout ratio (proportion distributed) is 20 percent, what is...
If a corporation earns $340,000 and the payout ratio (proportion distributed) is 20 percent, what is the change in retained earnings? Round your answer to the nearest dollar.
Homework Answers
Change in retained earnings = earnings*(1+payout ratio)
=340000*(1-0.2) = 272000
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If a corporation earns $340,000 and the payout ratio (proportion
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Problem 9-04 If a corporation earns $300,000 and the payout ratio (proportion distributed) is 35 percent, what is the c...
Problem 9-04 If a corporation earns $300,000 and the payout ratio (proportion distributed) is 35 percent, what is the change in retained earnings? Round your answer to the nearest dollar.
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