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Exercises # 2 - # 5 - The most recent financial statements for Bradley, Inc. are shown below ( assuming no income taxes ) :

Exercises #2-#5- The most recent financial statements for Bradley, Inc. are shown below (assuming no
income taxes):
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's
sales are projected to be $7,280. Construct the pro forma statements and answer the following
questions based on the pro-formas:
Exercise #2- Net Income = $
Exercise #3- Total Assets = $
Exercise #4- Equity =$
Exercise #5- The External Financing Needed = $
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