☑Kizspy.me
(Choose 1 answer)
☐ A
The table below is financial statement of
SafeNet Company
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.)
☐ D
A. $3,480
B. $3.832
C. $3,796
D. $3,140
FUO.sh
sh the exam.
SafeNet Company
2016 Income Statement
SafeNet Company
2016 Balance Sheet
Sales
$12,500.0
15625 Cash
s 990.0 Accounts payable
$ 1,330.0
COGS
$ 8,100.0
Accounts recievable
840.0 Long-term debt
$ 3,700.0
Depreciaton
$ 1,700.0
Inventory
S
620.0 Common stock
S 4,600.0
EBIT
$2,700.0
Total
Interest paid
$ 864.0
Net fixed assets
$ 10,020.0
Taxable Income
$ 1,836.0
Total Assets
$ 2.450.0 Retained earnings
$ 12,470.0 Total liabilities & equity $12.470.0
$ 2.840.0
Taxes
S 406.0
Net Income
$ 1,430.0
$
953.44
Dividends
S
474.0
Addition to retained earnings
956.0
