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Business, 21.12.2019 01:31 gonzalesalexiaouv1bg

Pro forma income statement austin grocers recently reported the following 2016 income statement (in millions of dollars): sales $700 operating costs including depreciation 500 ebit $200 interest 40 ebt $160 taxes (40%) 64 net income $96 dividends $32 addition to retained earnings $64 for the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. what is austin's projected 2017 net income? what is the expected growth rate in austin's dividends?

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Pro forma income statement austin grocers recently reported the following 2016 income statement (in...
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