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

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

Sales revenue is expected to increase 50%.
Additional investment in fixed assets = $2,500.
Dividend payout ratio = 26%.

sales = 8000

cogs= 5200

2800 Gross profit

SGA =800

EBIT =2000

Int= 50

EBT= 1950

taxes(40%)= 780

Net income= 1170

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