The answers for question 9 & 10 have been provided, but that information is required to figure out question 11; which is the one im looking for.

9. Calculating Retained Earnings from Pro Forma Income (L03) Con the following statement of comprehensive income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs Thexable income Thexes (36) Net income Dividends $2.500 Addition to retained earnings 7.705 $47,000 31.300 $15,700 5.495 $10.205 A 20% growth rate in sales is projected. Prepare a proforma statement of comprehensive income assuming costs vary with sales and the dividend payout ratio is constant. What is the projected addition to retained earnings? 10. Applying Percentage of Sales (LO3) The statement of financial position for the Dartmoor Corporation follows. Based on this information and the statement of comprehensive income in the previous problem, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. Put "n/a" where needed Assets DARTMOOR CORPORATION Statement of Financial Position Liabilities and Owners' Equity Percentage Percentage of Sales 5 Current assets of Sales $ 2,950 4,100 5.400 Cash Accounts receivable Inventory Total Fixed assets Net plant and $13,450 Current liabilities Accounts payable $ 2,400 Notes payable Total $ 1.800 Long-term debt $28.000 Owne equity Common stock and $15.000 pald-in surplus Retained earnings 3.950 Total $18.959 Total liabilities and $54750 owners met 341,300 equipment Total assets $54 250 11. EFN and Sales (L02, 3) From the previous two questions, prepare a pro forma statement of financial position showing EFN, assuming a 15% increase in sales, no new external debt or equity financing, and a constant payout ratio. 12 Internal Growth 1 > Styles Bletate Editor E Voice Editor Styles Chapter (Page 140): Question : Dividend Payout Ratio Dividend payout / Net income = $2,500/$10,205 = $0 244978 Pro Forma Statement of Comprehensive Income: Sales (547,000)(1.2) Costs ($21,200)(1.2) Taxable income Taxes (518,840) (3.496) Dividends ($12,434.40) 0.244978) = 53,046.15 Addition to Retained Earnings $9,388.25 The projected addition to retained earnings is $9,385.25 Cuestion 10: DECORAR Corporation statement of Financial Position Ausets Liabilities and Owners Equity $ % Of Sales 5 Sor Sales Ourrent Assets Cash $2,950 6.30 Current Liabilities Accounts Payable Notes Payable 52100 5.10% $4,100 8.70% $5.400 N/A Accounts Receivable Inventory 56.400 13.60 Total $7,800 N/A Total $13.450 28.60 $25,000 N/A Long-term Debt Owners Equity Fixed Assets $41.300 87.90N Net Plant Equipment WA N/A Common Stock 515.000 and Paid Surplus Rated 53,950 Earning Total SIS Total Assets 554,750 116. SON N/A N/A SS4.750 N/A Total Labies and Owners Equity