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saya tidak tahu cara mengerjakannya 1. Consider the following income statement and the balance sheet for the Michael Jordan, Inc.,. Sales for 2012 are projected

saya tidak tahu cara mengerjakannya

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1. Consider the following income statement and the balance sheet for the Michael Jordan, Inc.,. Sales for 2012 are projected to grow by 15 percent. Supply the missing information using the percentage of sales approach. Assume costs vary with sales and the dividend payout ratio is constant. Account payable vary with sales, whereas notes payable do not. Put "n/a" where needed. a. What is the projected addition to retained earnings ? b. What is EFN ? c. What is internal growth rate? Michael Jordan, Inc. 2011 Income Statement (in $) Sales 38,000 Costs 18,400 Taxable income 19,600 Taxes (34%) 6,664 Net Income 12,936 Dividens 5,200 Addition to retained earnings 7,736 Michael Jordan, Inc. Balance Sheets as of Dec 31, 2011 (in $) Cash 3,050 Account payable 1,300 Account receivable 6,900 Notes payable 6,800 Inventory 7,600 Sub-total 8,100 Sub-total 17,550 Long-term debt 25,000 Net Plant & Equipment 34,500 Common stock and APIC 15,000 Retained earnings 3,950 Total assets 52,050 Total liab. & equity 52,050

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