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Consider the following income statement for the Heir Jordan Corporation: The projected sales growth rate is 15 percent. Prepare a pro forma income statement assuming
Consider the following income statement for the Heir Jordan Corporation: 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. (Do not round Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.) What is the projected addition to retained earnings? (Do not round Intermedlate calculatlons and round your answer to the neorest whole number, e.g., 32.)
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