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Forecast the change to the firm retained earnings

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Reference no: EM133115939

Use the financial statements and additional data provided by management to forecast the change to the firm's Retained Earnings for the projected year.

  • Sales revenue is expected to increase 50%.
  • Additional investment in fixed assets = $2,500.
  • Dividend payout ratio = 26%.

sales = 8000

cogs= 5200

2800 Gross profit

SGA =800

EBIT =2000

Int= 50

EBT= 1950

taxes(40%)= 780

Net income= 1170

Reference no: EM133115939

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