Question: indow Help 4) 43% Cg Thu 10:36 com 0 Pre-Built Problems Saved Help Save&Exit Check my Consider the following income statement for the Heir Jordan

indow Help 4) 43% Cg Thu 10:36 com 0 Pre-Built Problems Saved Help Save&Exit Check my Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs Taxable income Taxes (2296) Net income $45,600 35,200 10,400 2,288 $8,112 Dividends Addition to retained $2,200 5,912 earnings The projected sales growth rate is 18 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 : Next >

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