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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $45,300 35,100 K ces Taxable income Taxes (25%)

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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $45,300 35,100 K ces Taxable income Taxes (25%) $ 10,200 2,550 Net income $ 7,650 Dividends Addition to retained earnings $1,900 5,750 The projected sales growth rate is 19 percent. 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 Saved The projected sales growth rate is 19 percent. 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.) ces HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income What is the projected addition to retained earnings? (Do not round intermediate calculations. JAVEU HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income ok ences What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings Neyt

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