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Business, 25.05.2021 21:20 banna01man

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 42,600 Costs 33,100 Taxable income $ 9,500 Taxes (23%) 2,185 Net income $ 7,315 Dividends $ 2,100 Addition to retained earnings 5,215 The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant.

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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Inc...
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