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Find what is judd projected retained earnings under plan

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Reference no: EM132498390

Judd Enterprises These are the simplified financial statements for Judd Enterprises.

Income statement                          Current Projected

Sales na                                         1,000

Costs na                                             720

Profit before tax na                                  280

Taxes (25%) na                                      70

Net income na                                      210

Dividends na                                             63

Balance sheets                                      Current Projected

Current assets                                        100 115

Current liabilities

Net fixed assets                                         900 1,080

Long-term debt

Common stock

Retained earnings

Question 1: Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan?

Reference no: EM132498390

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