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Problem 4: Husky Corporation had the following income statement and balance sheet last year. a. Construct a pro forma income statement and balance sheet for

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Problem 4: Husky Corporation had the following income statement and balance sheet last year. a. Construct a pro forma income statement and balance sheet for next year under the following assumptions. Assume sales, cash, accounts payable, and inventory will each grow by 10%. Cost of goods sold will increase by 30%, selling and administrative costs will increase by 50%, and interest will double. Taxes are at 50 percent of earnings before tax. b. Does the company need additional financing next year and if so, how much? If it needs funds, name two ways it can raise the funds

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