Prepare a pro forma statement of comprehensive income

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Question: Calculating Retained Earnings from Pro Forma Income (LO3) Consider the following statement of comprehensive income for the Dartmoor Corporation:

A 20% growth rate in sales is projected. Prepare a pro forma statement of comprehensive income assuming costs vary with sales and the dividend payout ratio is constant. What is the projected addition to retained earnings?

Reference no: EM133265060

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