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    Retained Earnings

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    Mirrlees Furniture earned $500,000 last year and had a 40 percent payout ratio. How much did the firm add to its retained earnings?

    A. $200,000
    B. $300,000
    C. There is not enough information to tell.
    D. None of these.

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    https://brainmass.com/business/finance/retained-earnings-273492

    Solution Preview

    Mirrlees Furniture earned $500,000 last year and had a 40 percent payout ratio. How much ...

    Solution Summary

    Analyzes payout ratio to calculate retained earnings.

    $2.19

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