Kizspy | Question: 18
(Choose 1 answer)
SafeNet Company
2016 Income Statement
SafeNet Company
2016 Balance Sheet
Sales
$ 12,500.0
15625 Cash
990.0 Accounts payable
$ 1.330.0
COGS
$ 8,100.0
Accounts recievable
S
840.0 Long-term debt.
$ 3.700.0
Depreciaton
$ 1.700.0
Inventory
620.0 Common stock
$ 4.600.0
The table below is financial statement of SafeNet Company
EBIT
$ 2,700.0
Total
$ 2,450.0 Retained earnings
$ 2.840.0
Interest paid
$ 864.0
Net fixed assets
$ 10,020.0
Taxable Income
$ 1,836.0
Total Assets
$ 12,470.0 Total liabilities & equity $ 12,470.0
What is the pro forma retained earnings if SafeNet Company grows at a rate of 3.76 percent and both the profit margin and the dividend payout ratio remain constant? (Please select nearest number.)
Taxes
$ 406.0
Net Income
$ 1,430.0
S 953.44
A. $3,832
Dividends
$ 474.0
Addition to retained earnings
$ 956.0
B. $3,796
C. $3,480
D. $3,140
