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I will leave an upvote for correct work and answers. Help is much needed. Auston Grocers recently reported the following 2021 income statement (in millions
I will leave an upvote for correct work and answers. Help is much needed.
Auston Grocers recently reported the following 2021 income statement (in millions of dollars): For the coming year, the company is forecasting a 30% increase in sales, and it expects thot its year end operating costs, including depreciation, will equal 65% of sales. Austin's tax rote, interest expense, and dividend payout rotio are all expected to remain constant. a. What is Austin's projected 2022 net income? Enter your answer in milions. For example, an answer of $13,000,000 should be entered as 13 . Do not round intermediate calculations. Round your answer to two decimal places. b. What is the expected growth nate in Austin's dividends? Do not tound intermedeate calculations, Round your ariswer to two decimal places Step by Step Solution
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