Mathematics, 02.07.2021 01:40 lilinicholeb
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
Income Statement
Sales
$39,914
Costs
$20,393
Balance Sheet
Assets
$54,772
Debt
$33,939
Equity
?
The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well.
How much dividends should be paid to reconcile the pro forma balance sheet?
Answers: 3
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Consider the following simplified financial statements for the Fire Corporation (assuming no income...
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