What would the firm's projected retained earnings balance be given the following projected income statement and...
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What would the firm's projected retained earnings balance be given the following projected income statement and dividends payout? Current Sales Projected 1000 Current Projected Current Assets 100 115 Costs 700 Net Fixed Assets 900 1080 Profit before Tax 300 Current Liabilities 70 Taxes 90 Long-term Debt 400 Net Income 210 Common Stock 300 Dividends 36 Retained Earnings 230 O 404 O 377 O 174 O 415 O 440 What would the firm's projected retained earnings balance be given the following projected income statement and dividends payout? Current Sales Projected 1000 Current Projected Current Assets 100 115 Costs 700 Net Fixed Assets 900 1080 Profit before Tax 300 Current Liabilities 70 Taxes 90 Long-term Debt 400 Net Income 210 Common Stock 300 Dividends 36 Retained Earnings 230 O 404 O 377 O 174 O 415 O 440
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