Question
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $39,999 Costs $23,772 Balance Sheet Assets $58,441 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
| Income Statement | |
| Sales | $39,999 |
| Costs | $23,772 |
| Balance Sheet | |||
| Assets | $58,441 | Debt | $38,516 |
| Equity | ? | ||
The company has predicted a sales increase of 9 percent. It has predicted that every item on the balance sheet will increase by 9 percent as well.
What is the pro forma net income?
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George G. Fenich
4th Global Edition
1292093765, 9781292093765
