ekelley0559p5gfh0 ekelley0559p5gfh0
  • 15-12-2022
  • Mathematics
contestada

Graham Auto Parts has current sales of $42,700, EBIT of $9,700, net income of $6,600, interest expense of $1,360, and dividends paid of $1,925. Assume the net profit margin, debt-equity ratio, and dividend payout ratio are held constant. Sales are expected to increase by $8,000 next year. What is the projected change to retained earnings for next year?

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