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Business, 20.09.2019 20:00 ethanyayger

Consider the following income statement for the heir jordan corporation: heir jordan corporation income statement sales $ 43,800 costs 34,800 taxable income $ 9,000 taxes (35%) 3,150 net income $ 5,850 dividends $ 3,300 addition to retained earnings 2,550 the balance sheet for the heir jordan corporation follows. heir jordan corporation balance sheet assets liabilities and owners’ equity current assets current liabilities cash $ 2,700 accounts payable $ 2,400 accounts receivable 3,500 notes payable 5,400 inventory 9,000 total $ 7,800 total $ 15,200 long-term debt $ 24,000 owners’ equity fixed assets common stock and paid-in surplus $ 19,000 net plant and equipment $ 38,600 retained earnings 3,000 total $ 22,000 total assets $ 53,800 total liabilities and owners’ equity $ 53,800 prepare a pro forma balance sheet, assuming a 10 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

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Consider the following income statement for the heir jordan corporation: heir jordan corporation in...
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