Business, 22.09.2020 20:01, staciagirl6672

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $49,000 Costs 40,300 Taxable income $8,700 Taxes (22%) 1,914 Net income $6,786 Dividends$2,400 Addition to retained earnings 4,386 A 20 percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) What is the projected addition to retained earnings

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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Inc...