1.) Why does Using Retained Earnings generate the lowest level of sales?

2.) Why does Issuing $1 million in New Ownership Shares generate the great amount of net income dollars?

Fig. 2 Year 5 Projected Year 6 Income Statement - Single Step Format Sales Less: Operating Expenses EBIT Interest Expense EBT Taxes Net Income 30.00% Fig. 2 Year 5 Projected Year 6 Income Statement - Single Step Format Sales Less: Operating Expenses EBIT Interest Expense EBT Taxes Net Income 30.00%