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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 4 3 , 8 0 0 Costs 3
Consider the following income statement for the Heir Jordan Corporation:
HEIR JORDAN CORPORATION
Income Statement
Sales $
Costs
Taxable income $
Taxes
Net income $
Dividends $
Addition to retained earnings
The projected sales growth rate is percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. Do not round intermediate calculations and round your answers to the nearest whole number, eg
What is the projected addition to retained earnings? Do not round intermediate calculations and round your answer to the nearest whole number, eg
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