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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $35,114 Costs $22,388 Balance Sheet Assets $59,825 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
Income Statement | ||
Sales | $35,114 | |
Costs | $22,388 |
Balance Sheet | ||||||
Assets | $59,825 | Debt | $34,928 | |||
|
| Equity | ? |
The company has predicted a sales increase of 6 percent. It has predicted that every item on the balance sheet will increase by 6 percent as well.
What is the pro forma total assets?
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