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pls show the steps you took for the proforma. thank you! Question 8 6/12 points Proforma assumptions: Net sales will decline by 15 percent; interest
pls show the steps you took for the proforma. thank you! Question 8 6/12 points Proforma assumptions: Net sales will decline by 15 percent; interest expense is $8.3; depreciation expense is 8.5 percent of proforma gross fixed assets: Prepaid expenses in the balance sheet and other income statement expenses would remain at the same proportion of sales as in base year. Proforma year AP days, inventory days and ACP are same as those in base year. Gross fixed asset investment will increase by $178 and it will be financed by long-term bank loans. CMLTD for proforma year will be same as in base year. Proforma payout ratio is 53 percent. Proforma net income is $567.7. Minimum eash ratio is 1.25 percent
pls show the steps you took for the proforma. thank you!
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