What is the projected addition to retained earnings

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Question - Consider the following income statement Income Statement

Sales $49026

Costs $35365

Taxable Income?

Taxes (35%)?

Net Income?

Dividends$1726

The projected sales growth rate is 13 percent.

What is the projected addition to retained earnings (in $)? Assume costs vary with sales and the dividend payout ratio is constant.

Reference no: EM132230424

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