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U of 2 pts Problem 6-4 (similar to) 4 of 8 (5 complete) Please use the following projections for Top-A1 Inc.: Total sales of $155,000
U of 2 pts Problem 6-4 (similar to) 4 of 8 (5 complete) Please use the following projections for Top-A1 Inc.: Total sales of $155,000 Cost of goods sold equal to 75.3 percent of sales Total expenses equal to 13.4 percent of sales Tax rate of 35 percent Beginning equity of $47.100 Beginning inventory of $12,800 Age of ending inventory of 60 days - Minimum cash balance of $10,200 Accounts receivable of 32 days Fixed assets of $61,200 Accounts payable of 36 days Assume Top-A1 has a dividend payout of 38 percent and that the projected net earnings are $11,386. Calculate the projected change in retained earnings for Top-A1 The change in retained earnings is $. (Round to the nearest dolar.)
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