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Use the Information provided below for questions (14) to (17) Below is reported the 2019 Income Statement for Scott, Inc We are told that sales
Use the Information provided below for questions (14) to (17) Below is reported the 2019 Income Statement for Scott, Inc We are told that sales will increase by 30% next year. Derive the Pro-forma Income Statement for Scott, Inc. in doing so. assume that sales, costs, and other expenses are proportional to sales, while the interest expense is not. Also, by assuming that the firm has a constant dividend payout ratio, compute the Pro-forma dividend amounts and the Pro-forma additions to retained earning5. Show all your calculations below
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