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PROBLEM 2 Taylor Technologies is a small manufacturer of ultrasound equipment. The Year 1 financial statements for the firm are shown below: Suppose that in
PROBLEM
Taylor Technologies is a small manufacturer of ultrasound equipment. The Year financial statements for the firm are shown below:
Suppose that in Year sales increase by percent over Year sales. Construct the pro forma financial statements using the constant growth method. Assume the firm operated at full capacity in Year What will be the external funding requirement?
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