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Question 34 3 pts LARGE FIRM Simplified Income Statement Current Year (millions) Revenue 20,450 (Sales)...

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Question 34 3 pts LARGE FIRM Simplified Income Statement Current Year (millions) Revenue 20,450 (Sales) Cost 12,220 Net Income 8,230 LARGE FIRM Simplified Balance Sheet ASSETS LIABILITIES & EQUITY Current Year (millions) Current Year (millions) Assets 125,650 Debt 100,520 Equity 25,130 Total Assets 125,650 Total Liabilities 125,650 & Equity Scenario: The income statement and balance sheet for Large Firm are given above. Large firm expects their sales to increase by 5% next year. Their costs and assets are proportional to sales, but debt and equity are not. Large firm wants to maintain a constant dividend payout ratio and they paid out 4,115 million in dividends this year. What is the forecasted retained earnings of Large Firm? 8,230 million O 8.641.5 million 4,626,25 million 0 4,320.75 million

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