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The Cookie Shoppe expects sales of $500,000 next

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The Cookie Shoppe expects sales of $500,000 next year at a 5% pretax profit margin and an average tax rate of 35%. If it chooses to pay out 30% of its earnings as dividends, what is the projected increase in retained earnings? (Show calculation)

 

Paper#34011 | Written in 18-Jul-2015

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