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2 Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37270 Costs $24788 Balance Sheet Assets $57897
2
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
Income Statement | ||
Sales | $37270 | |
Costs | $24788 |
Balance Sheet | ||||||
Assets | $57897 | Debt | $39265 | |||
|
| Equity | ? |
The company has predicted a sales increase of 14 percent. It has predicted that every item on the balance sheet will increase by 14 percent as well.
What is the pro forma total assets?
(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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