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77julia77 [94]
4 years ago
10

The Atlantic Co. has sales of $21,600, total costs of $16,780 and taxes of $1,750. The dividend payout ratio is 12 percent. Sale

s are expected to increase by 22 percent next year. What is the pro forma addition to retained earnings assuming all costs vary proportionately with sales?
a. $2,899
b. $3,745
c. $3,892
d. $2,011
e. $3,296
Business
1 answer:
vlabodo [156]4 years ago
7 0
C is the correct answer
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