Business

Morgan Knight

14 August, 03:07

The Atlantic Co. has sales of $21,600, total costs of $16,780 and taxes of $1,750. The dividend payout ratio is 12 percent. Sales are expected to increase by 22 percent next year. What is the pro forma addition to retained earnings assuming all costs vary proportionately with sales?

a. $2,899

b. $3,745

c. $3,892

d. $2,011

e. $3,296

+3

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