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Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Liabilities
Consider the following income statement for the Heir Jordan Corporation:
The balance sheet for the Heir Jordan Corporation follows.
HEIR JORDAN CORPORATION
Balance Sheet
Liabilities and Owners' Equity
Current assets
Current liabilities
Cash
Accounts receivable
Accounts payable
$
Assets
$
Accounts payable
$$$
Fixed assets
Notes payable
Inventory
Total
Total
Longterm debt
Owners' equity
Net plant and
equipment
$
Common stock and paidin
surplus
$
Total assets
$
Total liabilities and owners'
equity
Prepare a pro forma balance sheet, assuming an increase in sales of
percent, no new external debt or equity financing, and a constant payout ratio.
Do not round intermediate calculations and round your answers to
decimal places, eg
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