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Based on Mr. Kolias' prediction of 20% sales growth in 2020 and 2021 and relying on other assumptions provided in the Great Lakes case, prepare
Based on Mr. Kolias' prediction of 20% sales growth in 2020 and 2021 and relying on other assumptions provided in the Great Lakes case, prepare complete pro forma forecast of Great Lakes' 2020 and 2021 income statements and year-end balance sheets. Assume that any new financing, if needed, will be in the form of bank debt. Assume that all debt (any exisitng or new debt) carries an interest rate of 10%. |
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