The following Income Statement and Balance Sheet should be used: Creative Analysis, Inc. 2015 Income Statement...

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The following Income Statement and Balance Sheet should be used: Creative Analysis, Inc. 2015 Income Statement Net sales $8,5

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Answer 1

Answer #1

Pro forma retained earnings	=	[Addition to retained earnings x (1+ growth)] + Current retained earnings
	=	[$ 216 x (1+0.08)] + $ 1700
	=	$ 1,933.28

Answer: Option a

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Answer 2

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