Question
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37599 Costs $22669 Balance Sheet Assets $52497 Debt
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $37599 Costs $22669 Balance Sheet Assets $52497 Debt $36948 Equity ? The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. What is the pro forma total equity? (after reconciling the pro forma balance sheet) (Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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