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The firm X has sales of $420,000, a tax rate of 32%, the payout ratio of 35%, and a net profit margin of 6%. What is the addition to retained earnings? $8,316 $12,837 $16.380 $10,503

The firm X has sales of $420,000, a tax rate of 32%, the payout ratio of 35%, and a net profit margin of 6%. What is the addition to retained earnings? $8,316 $12,837 $16.380 $10,503

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The firm X has sales of $420,000, a tax rate of 32%, the payout ratio of 35%, and a net profit margin of 6%. What is the addition to retained earnings? $8,316 $12,837 $16,380 $10,503
Transcribed Image Text:The firm X has sales of $420,000, a tax rate of 32%, the payout ratio of 35%, and a net profit margin of 6%. What is the addition to retained earnings? $8,316 $12,837 $16,380 $10,503
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