IF a corporation earns $270,000 and the payout ratio ( proportion distributed) is 30 percent, what is the change in returned earnings?

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 6CDQ: For Belzcr Corporation, the working capital at the end of the current year is $24,000 more than the...
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IF a corporation earns $270,000 and the payout ratio ( proportion distributed) is 30 percent, what is the change in returned earnings?

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