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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales 1,000 na Costs na 720 Profit before tax na

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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales 1,000 na Costs na 720 Profit before tax na 280 Taxes (25%) na 70 Net income na 210 Dividends na 63 Balance sheets Current Projected Current Projected Current assets 100 115 70 81 Net fixed assets 900 1,080 Current liabilities Long-term debt Common stock 400 300 Retained earnings 230 Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan? a. $440 b. $377 C. $415 d. $339 e. $396

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