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Business, 18.03.2021 01:40 shaylarreyes

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 45,000 Costs 35,000 Taxable income $ 10,000 Taxes (22%) 2,200 Net income $ 7,800 Dividends $ 1,600 Addition to retained earnings 6,200 The projected sales growth rate is 16 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.)

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