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na Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales 1,000 Costs 720 Profit before tax 280 Taxes

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na Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales 1,000 Costs 720 Profit before tax 280 Taxes (25%) 70 Net income 210 Dividends 63 na na na na na Balance sheets Current assets Net fixed assets Current 100 900 Projected 115 1,080 Projected 81 Current liabilities Long-term debt Common stock Retained earnings Current 70 400 300 230 Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan? a. $377 b. $396 $415 d. $339 e. $440 0

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