The following balance sheet and income statement should be used: Taylor, Inc. is projecting sales to increase by 7% next year with the proﬁt margin remaining constant. The ﬁrm is increasing the dividend payout ratio to 50 percent. What is the amount of the projected
Addition to retained earnings for next year?
A) $822.16
B) $989.13
C) $1,106.67
D) $1,278.65
E) $1,534.38

Question

The following balance sheet and income statement should be used:   Taylor, Inc. is projecting sales to increase by 7% next year with the proﬁt margin remaining constant. The ﬁrm is increasing the dividend payout ratio to 50 percent. What is the amount of the projected
Addition to retained earnings for next year?
A) $822.16 
B) $989.13 
C) $1,106.67 
D) $1,278.65 
E) $1,534.38

Quizplus · Accepted Answer

The Answer of The following balance sheet and income statement should be used:   Taylor, Inc. is projecting sales to increase by 7% next year with the proﬁt margin remaining constant. The ﬁrm is increasing the dividend payout ratio to 50 percent. What is the amount of the projected
Addition to retained earnings for next year?
A) $822.16 
B) $989.13 
C) $1,106.67 
D) $1,278.65 
E) $1,534.38

The Following Balance Sheet and Income Statement Should Be Used