Business, 28.06.2019 10:00 studentstudies9816

This problem has been solved! see the answerconsider the following income statement for the heir jordan corporation: heir jordan corporation income statement sales $ 46,800 costs 36,200 taxable income $ 10,600 taxes (35%) 3,710 net income $ 6,890 dividends $ 3,400 addition to retained earnings 3,490 the projected sales growth rate is 10 percent. prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. heir jordan corporation pro forma income statement sales $ costs taxable income $ taxes net income $ what is the projected addition to retained earnings? retained earnings $

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