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Consider the following income statement for the Heir Jordan Corporation: The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming
Consider the following income statement for the Heir Jordan Corporation: 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.) 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.) Answer is complete but not entirely correct. What is the projected addition to retained earnings? (Do not round intermediate calculations.) Answer is complete but not entirely correct
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