Question: Question 3 : 6 + 4 = 1 0 marks Consider the following income statement for the HJ Corporation: A 2 0 percent growth rate

Question

3

6 + 4 = 10

marks Consider the following income statement for the HJ Corporation: A

20

percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. What is the projected addition to retained earnings?

Question 3 : 6 + 4 = 1 0 marks Consider the

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