Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
New Topic  
samualson samualson
wrote...
Posts: 2459
6 years ago
Ribbon Industries reported sales of $3 million and net income of $400,000 for 2010. The retained earnings balance at the end of 2012 is $7 million. Ribbon Industries has a dividend payout ratio of 30%. If sales are expected to increase by 25% next year, what will be the projected balance in retained earnings using the percent of sales method?
A) $7,280,000
B) $6,720,000
C) $7,350,000
D) $8,750,000
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 49 times
1 Reply
Replies
Answer verified by a subject expert
DeanaRayDeanaRay
wrote...
Top Poster
Posts: 1112
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

samualson Author
wrote...

6 years ago
Helped a lot
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1519 People Browsing
 110 Signed Up Today
Related Images
  
 231
  
 369
  
 346
Your Opinion
Who's your favorite biologist?
Votes: 608