Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs na 720 Profit before tax na 280 Taxes (25%) na 70 Net income na 210 Dividends na 63 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 900 1,080 Long-term debt 400 Common stock 300 Retained earnings 230 Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan? a. $396 b. $339 c. $415 d. $377
Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs na 720 Profit before tax na 280 Taxes (25%) na 70 Net income na 210 Dividends na 63 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 900 1,080 Long-term debt 400 Common stock 300 Retained earnings 230 Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan? a. $396 b. $339 c. $415 d. $377
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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| Judd Enterprises | ||||||
| These are the simplified financial statements for Judd Enterprises. | ||||||
| Income statement | Current | Projected | ||||
| Sales | na | 1,000 | ||||
| Costs | na | 720 | ||||
| Profit before tax | na | 280 | ||||
| Taxes (25%) | na | 70 | ||||
| Net income | na | 210 | ||||
| Dividends | na | 63 | ||||
| Current | Projected | Current | Projected | |||
| Current assets | 100 | 115 | Current liabilities | 70 | 81 | |
| Net fixed assets | 900 | 1,080 | Long-term debt | 400 | ||
| Common stock | 300 | |||||
| 230 |
Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan?
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