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Political Science homework help

Samson’s Sailboats Inc. recently reported the following income  statement (in millions of dollars):                                                                                 2018                               Sales                                                     $3,500                                Operating costs                                 2,500                                 EBIT                                                      $1,000                                 Interest                                           200                                      EBT                                                         $800                Taxes (40%)                                           320                                 Net income                                         $ 480                                 Dividends (40%)                                $                Addition to retained earnings     $ This year the company is forecasting a 40% increase in sales, and it expects that its year end operating costs will decline to 60% of sales. Samson’s tax rate, interest expense, and dividend payout ratio are all expected to remain constant.  What is Samson’s projected 2019 Net Income?What is the projected 2019 paid out Dividend? What is the forecasted addition to Retained Earnings to 2019?can you help me solve this oneKenney Corporation recently reported the following income statement for           2013 (numbers are in millions of dollars):                                                                              2018                       2019Sales                                                              $ 7,000Operating costs                                                             3,000EBIT                                                               $ 4,000Interest                                                                 200Earnings before taxes (EBT)                                    $ 3,800Taxes (40%)                                                      1,520Net income available to common shareholders   $ 2,280The company forecasts that its sales will increase by 10% in 2019 and its operating costs will increase in proportion to sales. The company’s interest expense is expected to remain at $200 million, and the tax rate will remain at 40%. The company plans to pay out 50% of its net income as dividends, the other 50% will be additions to retained earnings.What is Kenney’s projected 2019 Net Income?What is the projected 2019 paid out Dividend? What is the forecasted addition to Retained Earnings to 2019?

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