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please all answers should be entered as a formula . Thanks. HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri AA DD %

please all answers should be entered as a formula . Thanks. image text in transcribed
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HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri AA DD % - BIU Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font AI D E F 1 2. 3 The most recent financial statements for Hornick, 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 $8,968. What is the external financing needed? 6 7 8 Assets $ $ Income statement Sales Costs Net income $ 7,600 5,180 2,420 Balance sheet 21,700 Debt Equity 21.700 Total 9,100 12,600 21,700 9 Total $ 10 Next year's sales $ 8,968 11 12 Complete the following analysis. Do not hard code values in your calculations, 15 16 Percent increase in sales 17 18 Assets Pro forma income statement Sales 8.968.00 Costs Net income + Pro forma balance sheet Debt Equity Total 19 20 Total 21 Sheeti 100% READY Attempt(s) Show Q FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calon 11 A A % Paste BIU- Cells Editing A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font F G H K AB D E 15 16 Percent increase in sales 17 18 Pro forma income statement 19 Sales $ 8,968.00 20 Costs 21 Net income Assets Pro forma balance sheet Debt Equity Total Total External financing 23 24 25 26 27 + Sheet1 READY Attemplis) 100%

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