Calculate the forecasted inventories balance

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Reference no: EM1378465

Question1) Assume forecasted sales are $26,117 and the GP margin is expected to be 35%. If the forecasted ratio of inventories to cost of sales is 20%, calculate the forecasted inventories balance for the pro forma financial statements.

Question2) Assume starting of year retained earnings are $7,767 and net income is forecasted to be $2,341 for the coming year. If the dividend payout ratio is expected to be 25.00 percent, compute forecasted end-of-year retained earnings.

Reference no: EM1378465

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