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Construct Albert Retail Co's Pro Forma Income Statement and Balance Sheet for Years 1 to 3 under the following policies: COGS+SG&A+Depreciation =60% of Revenue Dividend
Construct Albert Retail Co's Pro Forma Income Statement and Balance Sheet for Years 1 to 3 under the following policies: COGS+SG\&A+Depreciation =60% of Revenue Dividend Payout =50% Current Assets =40% of Revenue Net Fixed Assets =60% of Revenue Current Liabilities =70% of Current Assets Corporate Tax Rate =21% What would you do for Year 3? Nothing, there will be an excess of cash for $20 Finance shortfall with Notes Payable for $20 Finance shortfall with Notes Payable for $8.7 Nothing, there will be an excess of cash for $8.7
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