Question
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $39,017 Costs $20,916 Balance Sheet Assets $50,286 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
| Income Statement | ||
| Sales | $39,017 | |
| Costs | $20,916 | |
| Balance Sheet | ||||||
| Assets | $50,286 | Debt | $30,635 | |||
|
|
| Equity | ? | |||
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 total assets? (round 2 decimal places)
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The Foundations Of Business Analysis
Authors: M Douglas Berg
1st Edition
1465222030, 9781465222039
