southeast airline had retained earnings of $1.5 million sales of $5 million and net income of $0.5 million this year. it also paid dividends of $0.2 million this year. if the sales is projected to increase by 20% next year what is the projected retained earnings for next year? assume that all ratios will stay constant.?

best answer
Southeast Airline had retained earnings of $1.5 million sales of $5 million and net income of $0.5 million this year. It also paid dividends of $0.2 million this year. If the sales is projected to increase by 20% next year what is the projected retained earnings for next year?