Question: Chapter 04 Pre-Built Problems i Saved Help Sales Costs $48,800 34,800 10 Taxable income Taxes (22%) $ 14,000 3,080 points Net income $ 10,920 eBook

Chapter 04 Pre-Built Problems i Saved Help Sales Costs $48,800 34,800

Chapter 04 Pre-Built Problems i Saved Help Sales Costs $48,800 34,800 10 Taxable income Taxes (22%) $ 14,000 3,080 points Net income $ 10,920 eBook Print Dividends Addition to retained earnings $3,200 7,720 References 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.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income

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