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1. Project the 1996 income statement no borrowing -pro forma assumptions:The average collection period will rise to 32 days due to the firm is selling

1. Project the 1996 income statement no borrowing

-pro forma assumptions:The average collection period will rise to 32 days due to the firm is selling to an increasing number of smaller firms in 1996. Assume payables at 6.3% of sales in 1996 and asssume quick ratio must not fall below .00612

2. Construct balance sheet for 1996 and the sources and uses statements

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