Can you help me with accounting questions Riverdale Manufacturing reported the following 2022 income statement (inmillions of dollars):Sales: $850 Operating costs including depreciation: $595 EBIT: $255Interest: $55 EBT: $200 Taxes (35%): $70 Net income: $130 Dividends: $45Addition to retained earnings: $85For the upcoming year, the company forecasts a 25% increase in sales, andit expects that year-end operating costs, including depreciation, will equal72% of sales. Riverdale's tax rate, interest expense, and dividend payoutratio are all expected to remain constant.What is Riverdale's projected 2023 net income?a) $147.88 b) $162.50 c) $151.13 d) $157.62

Step 1: Definition of Projected Net IncomeProjected net income is an estimate of a company's…

Answered: Riverdale Manufacturing reported the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section: Chapter Questions

Problem 20P

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What is devaneys projected 2019 net income?
Austin Grocers recently reported the following 2019 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 ЕBIT $200 Interest 40 ЕВT $160 Taxes (25%) 40 Net income $120 Dividends $40 Addition to retained earnings $80 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 70% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. a. What is Austin's projected 2020 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Round your answer to two decimal places. 2$ million b. What is the expected growth rate in Austin's dividends? Do not round intermediate calculations. Round your answer to two decimal places. %
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