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Assume a forecast (stable) asset turnover ratio of 1.5 and projected sales declining by 3% per year for the next 4 years for Deans Foods.

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Assume a forecast (stable) asset turnover ratio of 1.5 and projected sales declining by 3% per year for the next 4 years for Deans Foods. Further, assume the current ratio in 2006 is 1.03 and that it will increase by equal amounts over the next three years to reach a target level of 1.30. Finally, assume that net prot margin is forecast to be 3% for the next 5 years. 21. Compute the forecast total assets in 2009 for Deans Foods. 22. Compute the forecast current ratio in 2008. 23. Compute forecast prots (net income) for 2008

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