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6. Please use the following projections for Top-A1 Inc.: Total sales of $152,000 Cost of goods sold equal to 77.6 percent of sales Total expenses

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6. Please use the following projections for Top-A1 Inc.: Total sales of $152,000 Cost of goods sold equal to 77.6 percent of sales Total expenses equal to 13.5 percent of sales Tax rate of 35 percent Beginning equity of $53,000 Beginning inventory of $12,300 Age of ending inventory of 61 days Minimum cash balance of $9,800 Accounts receivable of 31 days Fixed assets of $59,500 Accounts payable of 35 days Assume Top-A1 has a dividend payout of 43 percent and that the projected net earnings are $8,793. Create a pro-forma balance sheet. Calculate the long-term debt as the balancing amount. Complete the pro-forma balance sheet below: (Round to the nearest dollar.) Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash $ Accounts receivable $ Inventory $ Fixed assets $ Total assets $ Liabilities: Accounts payable $ Long-term debt $ Total liabilities $ $ Equity Total liabilities and equity $

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