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Pharoah management expects sales to increase by 1 3 percent next year. Assume that the financial statement accounts vary directly with changes in sales and
Pharoah management expects sales to increase by percent next year. Assume that the financial statement accounts vary directly
with changes in sales and that management has no financing plan at this time. Given this information, develop a pro forma income
statement for Pharoah for the next fiscal year. Enter amounts in thousands.
Pharoah Corporation
Pro Forma Income Statement
$ thousands
$
$
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