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Please provide the CORRECT answer to this question. Please read the question CAREFULLY and DOUBLE CHECK your work BEFORE posting it. Thank you! Pro forma.
Please provide the CORRECT answer to this question. Please read the question CAREFULLY and DOUBLE CHECK your work BEFORE posting it. Thank you!
Pro forma. You are a financial analyst that has been hired to forecast the possible funding need for a company based on its financial information and future plans. You know that the net property, plant, and equipment at the end of 2022 was $25,000K and it currently equals $30,000K. Long-term debt at the end of 2022 was $15,000K and it currently equals $17,000K. You assumed that sales will decreased by 10 percent. Given the company's recent income statement, you constructed the pro forma below: - Report the ratios for the Cost of Goods Sold, Depreciation, Interest Expense, and Tax that you used to construct the pro-forma net income statement for fiscal year end 2024. - Report your answers as follows. Report each ratio as 0 .XX. For example, a ratio of 30/90 would be reported 0.33 and a ratio of 100/500 would be reported as 0.20Step by Step Solution
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