Business, 14.11.2019 20:31 jodonw5616

Southeast airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5 million this year. it also paid dividends of $0.2 million this year. if the sales is projected to increase by 20% next year, what is the projected retained earnings for next year? assume that all ratios will stay constant.

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Southeast airline had retained earnings of $1.5 million, sales of $5 million and net income of $0.5...

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