The Following Balance Sheet and Income Statement Should Be Used

question 342

Multiple Choice

The following balance sheet and income statement should be used: Taylor, Inc. is projecting sales to increase by 7% next year with the profit margin remaining constant. The firm is increasing the dividend payout ratio to 50 percent. What is the amount of the projected
Addition to retained earnings for next year?

• A) $822.16
• B) $989.13
• C) $1,106.67
• D) $1,278.65
• E) $1,534.38

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