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Consider the following simplified financial statements for the Yoo Corporation. Assume there are no income taxes and the company pays out half of net income
Consider the following simplified financial statements for the Yoo Corporation. Assume there are no income taxes and the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements and determine the external financing needed.
Complete the following analysis. Do not hard code values in your calculations.
tablePro forma income statement,Sales$
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