EXLO Company Has Current Sales of $100,000 and Projected Annual

question 54

Multiple Choice

EXLO Company has current sales of $100,000 and projected annual sales growth of 5%,profit margins of 3%,and its dividend policy is to have a dividend payout of 15% per year.The forecasted retained earnings for next year are:

• A) $472.50
• B) $2,677.50
• C) $16,222.50
• D) $91,927.50