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Assets Current assets Cash Accounts receivable Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,550 Accounts payable $ 2,400 3,800 Notes payable 5,100 Inventory

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Assets Current assets Cash Accounts receivable Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,550 Accounts payable $ 2,400 3,800 Notes payable 5,100 Inventory 9,000 Total $ 7.500 Total $ 15,350 Long-term debt $24,000 Owners' equity Common stock and paid in surplus Retained earnings Fixed assets Net plant and equipment $ 16,000 $38,000 5,850 Total $ 21,850 ces Total assets $53,350 Total liabilities and owners' equity $53,350 Prepare a pro forma balance sheet, assuming an increase in sales of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Assets $ Current assets Cash Accounts receivable Inventory Total HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners Equity Current liabilities 2,933.00 Accounts payable $ 4,370.00 Notes payable 10,350.00 Total $ 17,653.00 Long term debt $ Owners' equity Common stock and paid in surplus $ Retained earnings Total Total liabilities and owners' equity s 2,780.00 5,100.00 7,860.00 24,000.00 Fixed assets Net plant and equipment 16,000.00 11,190,00 59,050.00 Total assets

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