What Is Stansfield Corporation's Addition to Retained Earnings with a 10

question 281

Multiple Choice

What is Stansfield Corporation's addition to retained earnings with a 10% increase in sales? Assume the dividend payout ratio and profit margin remain fixed.

• A) $22.0 million
• B) $24.2 million
• C) $26.4 million
• D) $29.7 million
• E) $39.0 million

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