What gross profit for 2010 will be
Consider the following condensed Income Statement:_2009_Sales $8,000,000COGS _6,500,000Gross Profil $1,500,000
Sales growth in 2010 is expected to be 15%
If COGS is assumed to vary directly with sales, then Gross Profit for 2010 will be:
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The company plans to pay out 50 percent of its net income as dividends, the other 50 percent will be additions to retained earnings. What is the forecasted addition to retained earnings for 2010?
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