Question
Please calculate the projected retained earnings amount of year 2022 with the following information and the given assumptions. 2020 actual figures: Net Revenue: 26,742,693 Cost
Please calculate the projected retained earnings amount of year 2022 with the following information and the given assumptions.
2020 actual figures:
Net Revenue: 26,742,693
Cost of Sales: - 16,799,303
Retained Earnings: 5,213,040
Net income: 814,759
2021-2023 projected figures:
Net Profit (2021): 1,259,657
Net Profit (2022): 1,640,345
Net Profit (2023): 2,435,855
Assumptions for year 2020-2022:
Sales growth: 15%
Gross profit margin: Same as year 2020
Capital increse: No
Dividend distribution: No
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
