Percent of sales: Given the data for Cattail Corporation in Problem 19.9, and assuming that all balance
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Percent of sales: Given the data for Cattail Corporation in Problem 19.9, and assuming that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattail for the next fiscal year. Assuming that the firm did not sell or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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