Prepare a pro forma income statement assuming costs vary, Financial Management

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Prepare a pro forma income statement assuming costs vary

HEIR JORDAN CORPORATION Income Statement Sales $ 48,200 Costs 34,000 Taxable income $ 14,200 Taxes (35%) 4,970 Net income $ 9,230 Dividends $ 2,600 Addition to retained earnings 6,630

The projected sales growth rate is 10 percent.

Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all amounts as positive values. Do not round intermediate calculations.)

sales=

costs=

taxable income=

taxes=

net income=

What is the projected addition to retained earnings? (Do not round intermediate calculations.)

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Financial Management: Prepare a pro forma income statement assuming costs vary

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Financial Management: Prepare a pro forma income statement assuming costs vary

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