1/quizzes/149331/take LARGE FIRM Simplified Income Statement Current Year (millions) Revenue (Sales) 20,450 Cost 12,220 Net Income 8,230 LARGE FIRM Simplified Balance Sheet ASSETS Current Year (millions) LIABILITIES & EQUITY Current Year (millions) Assets 125,650 Debt 100,520 izzes/149331/take Equity 25,130 Total Assets 125,650 Total Liabilities & Equity 125,650 Scenario: The income statement and balance sheet for Large Firm are given above. Large firm expects their sales to increase by 5% next year. Their costs and assets are proportional to sales, but debt and equity are not. Large firm wants to maintain a constant dividend payout ratio and they paid out 4,115 million in dividends this year. What is the forecasted retained earnings of Large Firm? 4,320.75 million 8,230 million 8,641.5 million 4,626.25 million