Fleming, Inc. had a dividend payout ratio of 25% this year, which resulted in a payout of $80,000 in dividends

Fleming, Inc. had a dividend payout ratio of 25% this year, which resulted in a payout of $80,000 in dividends. Return on sales (ROS) was 8% this year and is expected to increase to 9% next year. If Fleming expects to have $305,100 available from next year’s retained earnings, what percent increase is it forecasting in revenues?

Click here for the SOLUTION

This entry was posted in Homework Help. Bookmark the permalink.

Comments are closed.