What is the projected increase in retained earnings

Reference no: EM13261201

The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 5.3 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings?

$16,231
$17,500
$18,300
$20,600
$21,000

Reference no: EM13261201

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