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Refer To The Judd Enterprises Financial Statements What Is Judd’S Projected Retained Earnings Under This

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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
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
230
earningsFinance