jensenadam4780 jensenadam4780

13-03-2024
Business

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Eddard Co. saw an increase in profits in the previous year, following which the management decided to reinvest its earnings. These retained earnings will be used to__________.
1) meet the company's short-term financial needs
2) pay the owners a dividend
3) meet the company's long-term financial needs
4) increase the liquid assets of the company

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