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Consider the following income statement for the Heir Jordan Collection. A 20 Percent growth rate in sales is projected. Prepare a pro forma income statement
Consider the following income statement for the Heir Jordan Collection. A 20 Percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and dividend payout ratio is constant. What is the projected addition to retained earnings? (Use Cells A6 to B14 from the given information to complete this question.) Consider the following income statement for the Heir Jordan Corporation. 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. What is the projected addition to retained earnings? Input area: \begin{tabular}{|l|l|l|l|l|} \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} (Use cells A6 to B14 from the given information to complete this question.)
Consider the following income statement for the Heir Jordan Collection. A 20 Percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and dividend payout ratio is constant. What is the projected addition to retained earnings?
(Use Cells A6 to B14 from the given information to complete this question.)
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