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Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir Jordan Corporation follows. Prepare a pro forma balance sheet,
Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir Jordan Corporation follows. Prepare a pro forma balance sheet, assuming a sales increase 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.) Calculate the EFN. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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