Question
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37,453 Costs $23,465 Balance Sheet Assets $54,524 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
| Income Statement | |
| Sales | $37,453 |
| Costs | $23,465 |
| Balance Sheet | |||
| Assets | $54,524 | Debt | $35,537 |
|
|
| 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 equity? (after reconciling the pro forma balance sheet) (2 decimal Places)
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The Foundations Of Business Analysis
Authors: M Douglas Berg
1st Edition
1465222030, 9781465222039
