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1. For the constant growth method pro forma income statement shown, how do you calculate the interest for the second pass and the third pass?
1. For the constant growth method pro forma income statement shown, how do you calculate the interest for the second pass and the third pass?
Balance Sheet as of December 31, 2003 (Thousands of dollars) Cash Receivables Inventories Total current assets Net fixed assets $1,800 $10,800 $12,600 $25,200 $%21,600 Accounts payable Notes payable Accruals Total current liabilities Mortgage bonds Common stock Retained earnings Total liabilities & equity $7,200 $3,472 $2,520 $13,192 $5,000 $2,000 $26,608 $46,800 Total assets $46,800Step by Step Solution
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