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Addition to retained earnings? ILIR JURDAN LURPURATIUN Income Statement Sales Costs $45,300 35, 100 Taxable income Taxes (30%) $ 10,200 3,060 Net income $ 7,140
Addition to retained earnings?
ILIR JURDAN LURPURATIUN Income Statement Sales Costs $45,300 35, 100 Taxable income Taxes (30%) $ 10,200 3,060 Net income $ 7,140 Dividends Addition to retained earnings $ 1,900 5,240 The projected sales growth rate is 15 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all amounts as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement 52095 Sales Costs 40365 Taxable income 11730 3519 Taxes Net income 8211 What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earningsStep by Step Solution
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