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Pro forma retained earnings - ex. #2The bottom line on the pro forma P&L for the fiscal year thathas just begun is $500,000. The top line is $3.5 million.The current balance in retained earnings is $2,100,000.A dividend payout ratio of 40% is anticipated.a) [review] What is the net profit margin?b) [review] Explain the answer toa) above.c) Forecast retained earnings at the end of thefiscal year that has just begun.d) Which pro forma financial statement will showthe forecasted retained earnings figure calculated inc) above?
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