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Calculate expected net income

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Question 1 - Calculate Expected Retained earnings balance of 2020. Assume 2019 net income is $4,000 and dividend paid $1,000 and retained earnings is $3000. Firm wishes to maintain a constant payout ratio. In 2020 Net income will be $10,000.

Question 2 - Calculate Expected Net income of 2022 of Zabir Group. Assume current sales in 2021 is $6500, Cost $1500 and tax rate 20%. In 2022 expected sales will be $7280. Cost will increase spontaneously with sales. Tax rate remain constant.

Reference no: EM133027252

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