Question
Consider the following income statement Income Statement Sales $49026 Costs $35365 Taxable Income? Taxes (35%)? Net Income? Dividends$1726 The projected sales growth rate is 13percent.
Consider the following income statement Income Statement
Sales $49026
Costs $35365
Taxable Income?
Taxes (35%)?
Net Income?
Dividends$1726
The projected sales growth rate is 13percent.
What is the projected addition to retained earnings (in $)? Assumecosts vary with sales andthe dividend payout ratio is constant. (round 2 decimal places)
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Advanced Financial Accounting
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
7th edition
132928930, 978-0132928939
