Homework Answers
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| Dividend payout ratio = | divided/net income | |||||
| =2400/6786 | ||||||
| 35.37% | ||||||
| Computation of net income statement | ||||||
| Sales | 58800 | |||||
| Cost | 48360 | |||||
| Taxable income | 10440 | |||||
| Taxes | 2297 | |||||
| Net income | 8143 | |||||
| Computation of addition to retained earning | ||||||
| a | Net income = | 8143 | ||||
| b | Dividend payout ratio = | 35.37% | ||||
| c=a*b | Dividend paid = | 2880 | ||||
| d=a-c | addition to retained earning = | 5263 | ||||
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Need help solving for the "addition to retained earnings"
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Consider the following income statement for the Heir Jordan Corporation: A 20 percent growth rate in...
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Corporation:
A 20 percent growth rate in sales is projected.
Prepare a pro forma income statement assuming costs vary with
sales and the dividend payout ratio is constant. (Input all answers
as positive values. Do not round intermediate calculations.)
What is the projected addition to retained earnings? (Do not
round intermediate calculations.)
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The balance sheet for the Heir Jordan Corporation
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Prepare a pro forma balance sheet, assuming a sales
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calculations and round your answers to 2 decimal places, e.g.,
32.16.)
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Consider the following income statement for the Heir Jordan
Corporation:
A 20 percent growth rate in sales is projected.
Prepare a pro forma income statement assuming costs vary with
sales and the dividend payout ratio is constant. (Input all answers
as positive values. Do not round intermediate calculations.)
What is the projected addition to retained earnings? (Do not
round intermediate calculations.)
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $49,000...
7. Consider the following income statement
Income Statement Sales Costs $49,000 40,300 Taxable income Taxes (2296) $ 8,700 1,914 Net income $ 6,786 Dividends Addition to retained $2,400 4,386 earnings A 20 percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income laxes...
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U MUME LUT Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $46,200 34,200 Taxable income Taxes (25%) $ 12,000 3,000 Net income $ 9,000 Dividends $2.800 Addition to retained 6200 earnings The projected sales growth rate is 12 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION...
Consider the following income statement for the Heir Jordan
Corporation:
The balance sheet for the Heir Jordan Corporation
follows.
Prepare a pro forma balance sheet, assuming a sales
increase of 15 percent, no new external debt or equity financing,
and a constant payout ratio. (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Calculate the EFN. (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations
and round your...
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