Assume the profit margin is projected to increase to 9 percent while the dividend payout ratio remains constant. If sales increase by 12 percent, what is the projected total retained earnings (hint: add the additional RE onto the current RE) ? Currently, the firm's sales = $4,700, net income is $420, total assets=7890, dividends=125, A/P = 790, LTD = 3130, and common stock=2780, and retained earnings = 1190.
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