Question
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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Finance For Food Towards New Agricultural And Rural Finance
Authors: Doris Köhn
1st Edition
3662568659, 978-3662568651
