The Corner Store has sales of $68,900, dividends of $1,960, and net income of $4,900. The firm is expecting sales to decrease by 3 percent next year while the profit margin remains constant. The firm wants to increase the dividend payout ratio by a fixed 2.5 percent. What is the projected retention ratio for next year?
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The Corner Store has sales of $68,900, dividends of $1,960, and net income of $4,900. The firm is ex...
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