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Scorp earned $500,000 last year and had a 40% pay out ratio. how much did the firm add to its retain earnings?

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Scorp earned $500,000 last year and had a 40% pay out ratio.

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  1. $300k - and I second the motion that you need to do your own homework


  2. do your own homework

  3. The answer is $300,000.

    A 40% payout implies a (100%-40%) retention ratio or 60% of $500,000
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