The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 4.8 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings? a. $16,231
b. $17,500
c. $18,300
d. $20,600
e. $21,000
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Home » Business » The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 4.8 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings? a. $16,231 b. $17,500 c. $18,300 d. $20,600 e. $21,000