Answer::
Sales =(1+20%)*49000=$58800
Cost=(1+20%)*40300=$48360
Income Statement | |
Sales S | 58800 |
Costs C | 48360 |
Taxable income EBT=S-C | 10440 |
Taxes T=22%*EBT | 2296.8 |
Net Income N=EBT-T | 8143.2 |
Earlier Dividend Ratio =2400/6786=35.37%
So Additional retained earning =(1-35.37%)*8143.1=$5263.20
Consider the following income statement for the Heir Jordan Corporation: A 20 percent growth rate in...
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