A firm had a year-end retained earnings of 64100000. it, Ask an Expert

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A firm had a year-end retained earnings of $64,100,000. It forecasts net income for the coming year to be $9,400,000. If it pays out 40% of its net income as dividends, what is the estimated balance in retained earnings at the end of the coming year?

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Category:- Basic Finance
Reference No.:- M938368

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