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Exercises #2-#5 The most recent financial statements for Bradley, Inc. are shown below (assuming no income taxes) see attachment. Income Statement Balance Sheet Sales 6,500

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

Income Statement Balance Sheet
Sales 6,500 Assets 17,400 Debt 8,400
Costs 5,320 Equity 9,000
NI 1,180 Total 17,400 Total 17,400
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years 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 = $ 0
Exercise #3 Total Assets = $ 0
Exercise #4 Equity = $ 0
Exercise #5 The External Financing Needed = $

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