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What is judds projected retained earnings under the plan

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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current

Projected Salesna                   1,000

Costsna                                 720

Profit before taxna               280

Taxes (25%)na                      70

Net incomena                       210

Dividendsna                             63

Balance sheets                    CurrentProjected      CurrentProjected

Current assets                                 100            115

Current liabilities                                   70              81

Net fixed assets                                   900             1,080

Long-term debt 400

Common stock 300

Retained earnings 230

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

a.$396

b.$440

c.$377

d.$339

e.$415

Reference no: EM132492443

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