Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statementCurrent
Projected Salesna
1,000
Costsna
720
Profit before taxna
280
Taxes (25%)na
70
Net incomena
210
Dividendsna
63
Balance sheetsCurrentProjected CurrentProjectedCurrent assets 100
115
Current liabilities 70
81
Net fixed assets 900
1,080
Long-term debt 400
Common stock 300
Retained earnings 230
?
Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan?
A. $339
B. $377
C. $396
D. $415
E. $440
Answer: B
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