Question: yEx03 for Chapter Four (Part 3) 6 Consider the following income statement for the Heir Jordan Corporation: JORDAN CORPORATI Income Statement $42,900 33,900 Sales Costs

statement for the Heir Jordan Corporation: JORDAN CORPORATI Income Statement $42,900 33,900

Sales Costs Taxable income Taxes (21%) $ 9,000 1,890 Net income S

7110 Addition to retained earnings $2.400 4710 The projected sales growth rate

is 17 percent. Prepare a pro forma income statement assuming costs vary

yEx03 for Chapter Four (Part 3) 6 Consider the following income statement for the Heir Jordan Corporation: JORDAN CORPORATI Income Statement $42,900 33,900 Sales Costs Taxable income Taxes (21%) $ 9,000 1,890 Net income S 7110 Addition to retained earnings $2.400 4710 The projected sales growth rate is 17 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant (Imput all answers os positive values. Do not round intermediate calculations HEIR JORDAN CORPORATION Forma Income Statement 1 of 4 E Next > TOSHIBA 4 5 6 8 9 0

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