Question
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $39,586 Costs $24,124 Balance Sheet Assets $57,531 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
| Income Statement | |
| Sales | $39,586 |
| Costs | $24,124 |
| Balance Sheet | |||
| Assets | $57,531 | Debt | $31,896 |
| Equity | ? | ||
The company has predicted a sales increase of 13 percent. It has predicted that every item on the balance sheet will increase by 13 percent as well.
How much dividends should be paid to reconcile the pro forma balance sheet?
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Personal Finance After 50 For Dummies
Authors: Eric Tyson
3rd Edition
978-1119724186
