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Bluth, Inc. Balance Sheet, Dec. 31, 2018 Liabilities + Equity Assets Cash Acct. Rec. Inventory Prepaid Exp. Total Current Assets Fixed Assets Accum. Dep. Total
Bluth, Inc. Balance Sheet, Dec. 31, 2018 Liabilities + Equity Assets Cash Acct. Rec. Inventory Prepaid Exp. Total Current Assets Fixed Assets Accum. Dep. Total Assets $10,000 25,000 20,000 2,000 57,000 32,000 4,000 85,000 Accounts Payable Notes Payable Accrued Expenses Long-Term Debt Common Equity Total Liabilities and Equity $10,500 10,000 11,000 15,000 38,500 85,000 Bluths net sales for 2018 were $150 million. Sales growth is expected to be 25 percent in 2019, and all current asset and current liability accounts will have the same percentage of sales as in 2018. Net fixed assets will remain the same dollar amount. There is a 100 percent dividend payout ratio. Prepare a pro forma balance sheet for 2019
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