Description of this paper

A firm had a year-end retained

Description

solution


Question

A firm had a year-end retained earnings of $64,100,000. It forecasts net income for the coming year to be $9,400,000. If it pays out 40% of its net income as dividends, what is the estimated balance in retained earnings at the end of the coming year?

 

Paper#79758 | Written in 18-Jul-2015

Price : $22
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