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Problem 1: Complete JMJ Corp.'s pro forma income statement and balance sheet below using the sustainable growth rate. The company is currently operating at full

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Problem 1: Complete JMJ Corp.'s pro forma income statement and balance sheet below using the sustainable growth rate. The company is currently operating at full capacity. JMJ Corp Current Actual Income Statement Pro Forma Sales 4,000 Expenses 2,400 NIBT 1,600 Income tax 400 NIAT 1.200 Dividends 600 Balance Sheet Assets 6,000 Debt 2,000 Equity 4,000 Total capital 6,000

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