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Answer question 2 using the following financial statements. Assume a growth rate of 15%, and that the Hoffman Company is operating at 70% capacity. Current
Answer question 2 using the following financial statements. Assume a growth rate of 15%, and that the Hoffman Company is operating at 70% capacity. Current Assets Cash A/R Inventory Total HOFFMAN COMPANY Balance sheet Current Liabilities 3,250.00 A/P 4,775.00 N/P 8,300.00 Total 16,325.00 Long Term Debt Owners' Equity 2,850.00 7,200.00 10,050.00 31,500.00 Fixed Assets Net P &E 48,625.00 Common R/E Total 17,850.00 5,550,00 23,400.00 TOTAL ASSETS 64,950.00 Total Liab & Equity 64,950.00 HOFFMAN COMPANY Income Statement Sales 52,000.00 Costs 41,080.00 Taxable Income 10,920.00 Taxes 3,494.00 Net Income 7,426.00 Dividends 2,599.00 RE 4,827.00 Part i: What is the value for full capacity sales? [ Select] Part ji: What is the proforma value for net fixed assets? [ Select]
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