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Business, 16.02.2021 02:10 trint4

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 48,800 Costs 34,800 Taxable income $ 14,000 Taxes (22%) 3,080 Net income $ 10,920 Dividends $ 3,200 Addition to retained earnings 7,720 The projected sales growth rate is 17 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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