Question: Use the financial statements and additional data provided by management to forecast the change to firm's Retained Earnings for the projected year. Sales revenue is

Use the financial statements and additional data provided by management to

Use the financial statements and additional data provided by management to forecast the change to firm's Retained Earnings for the projected year. Sales revenue is expected to increase 150% Additional investment in fixed assets = $2,500 Dividend payout ratio = 26% = Sales 8,000 COGS 5,200 Gross Profit 2,800 SG&A 800 EBIT 2,000 interest 50 EBT 1,950 taxes (40%) 780 Net Income 1,170 Select one: a. $1,310 O b. $1,550 O c. $1,710 O d. $1,770

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