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Sale - $ 15000 Costs- $ 13500 Net sale - $ 1500 Tax (20%) - $ 300 Net income - $ 1200 a)Sale are projected

Sale - $ 15000

Costs- $ 13500

Net sale - $ 1500

Tax (20%) - $ 300

Net income - $ 1200

a)Sale are projected to increase by 15%. How much sale should be recorded on pro forma?

b)How much costs should be recorded on the pro forma, if we assume costs are 85% of sales?

c)If this company pays of 30% of its net income as dividends, how much is expected to go to retained earnings?

d)Calculate the profit margin.

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