What percent increase is it forecasting in revenues

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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?

Reference no: EM13285458

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