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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37,848 Costs $23,953 Assets Balance Sheet $58,976 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37,848 Costs $23,953 Assets Balance Sheet $58,976 Debt Equity $36,186 ? The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. What is the pro forma net income? (Omit the "$" sign and commas in your response. Enter your answer rounded to the nearest whole dollar. For example, $1,200.456 should be entered as 1200.)
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