Question
The ABC Company has sales of $22,500 total cost of %16,870 and taxes of $1570. The divided payout ratio is 14 percent. Sales are expected
The ABC Company has sales of $22,500 total cost of %16,870 and taxes of $1570. The divided payout ratio is 14 percent. Sales are expected to increase by 25 percent next year. What is the pro forma addition to retained earning assuming all cost vary proportionately with sales?
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Step: 1
Heres how to calculate the pro forma addition to retained earnings for ABC Company 1 Calculate Net Income for the Current Year Net Income Sales Total ...
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Step: 2
Step: 3
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
