Ch.4 Finanace Homework - 60,550/929,000=.065 Net Income X...

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Sales 929,000 Addition to Retained Earnings 78,715 Sales X 20% 1,114,800 Additon to Reatained Earnings X 20% 94,458 New Sales-Old Sales 1,114,800-929,000 185,800 New Addition to Retained Earnings-Old Addition to Retained Earnings 94,458-78,715 15,743 External Factor Needed 185,800-15,743 170,057
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929,000 X 1.2=1,114,800 Then $800/929,000 would be the 80% Then they did Net Income/Sales so
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Unformatted text preview: 60,550/929,000=.065 Net Income X 1.2= 60,550 X 1.2=72,660 Then next you take that and divide it by the sales 72,660/929,000 Divided pay out ratio=Cash dividends/Net income 33,735/112,450 0.3 Addition to retained earnings/Net income 78,715/112,450 0.7 Not sure what else to do I emailed you for help but this is all I got so...
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Ch.4 Finanace Homework - 60,550/929,000=.065 Net Income X...

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