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What are the estimated retain earnings

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Question - To estimate missed places, inks parentheses and people rent to see external financing needs, the CFO needs to figure out how much equity her firm will have at the end of next year. At the end of the most recent fiscal year, MPs retained earnings were $158,000. The controller has estimated that over the next year, gross profit will be 360,700, earnings at the tax were total $23,400, and MP will pay $12,400 in dividends. What are the estimated retain earnings at the end of the next year?

Reference no: EM132975270

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