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PLS ANSWER ASAP! Will upvote! Thank you! The 2001 balance sheet and income statement for the Lewis Company are shown below. Lewis Company: Balance Sheet
PLS ANSWER ASAP! Will upvote! Thank you!
The 2001 balance sheet and income statement for the Lewis Company are shown below. Lewis Company: Balance Sheet as of December 31, 2001 (Thousands of Dollars) Lewis Company: Income Statement for December 31, 2001 (Thousands of Dollars) a. The firm operated at full capacity in 2001. It expects sales to increase by 20 percent during 2002 and expects 2002 dividends per share to increase to $1.10. Use the projected financial statement method to determine how much outside financing is required, developing the firm's pro forma balance sheet and income statement, and use AC AFN as the balancing item. b. If the firm must maintain a current ratio of 2.3 and a debtratio of 40 percent, how much financing will be obtained using notes payable, long-term debt, and common stock Step by Step Solution
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