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