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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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