If fleming expects to have 305100 available from next years


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 years retained earnings, what percent increase is it forecasting in revenues?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: If fleming expects to have 305100 available from next years
Reference No:- TGS0624163

Expected delivery within 24 Hours