You have recently hired a finance manager by a company , a major multinational corportion.

The following is the most recent statement of comprehensive income for the company

Sales- $47000

cost of goods- $31300

Taxable Income-15,700

Taxes-5,495

Net income-$10,205

Dividends - $2.300

Retainrf rarnings-$7,905

put a pro forma statment of comrehensive income for the next year projecting 25% increase in sales.Assume that costs will vary with sales and the dividend payout ratio will remain constant, with the tax rate increasing to forty percent next year.

1. What is the projected addition to retained earning? show all your work by completing a proform statement of comprehensive income i n good form ith proper dates and titles/
2. if the ceo wants to have a $8000 in addition to retained earning next year , what should the divident payout ratio be?