Proforma assumptions: Net sales will decrease by 11%, interest expense is $15.2; depreciation expense is SS2; tax expense is $467. Other income statement expenses are proportional to sales. Net income is $589. Proforma year AP days and ACP are same as those in base year. Inventory days is 51 days. GFA will incense by $172 and it will be financed by long-term bank loans. CMLTD for proforma year will be same as une ase year. Common Stock is $84. Proforma dividends-$500. Prepaid expenses are proportional to sales. Minimum cash ratio is 1%. Excel:/content/enforced2/2233046-C0.090.FLF14020.13816.20214/ExcelQuiz Pro-11.xlsx Formulas:/content/enforced2/2233046-C0.090.FLF14020.13816.20214/FORMULAS.pdf Slides: /content/enforced2/2233046-C0.090.FL.F14020.13816.20214/Pro Forma Slides.pdf Use the information above. What is proforma accounts receivable? 90.8 122.9 98.8 O 111.9 Page Previous Page Next Page Proforma assumptions: Net sales will decrease by 11%, interest expense is $15.2; depreciation expense is SS2; tax expense is $467. Other income statement expenses are proportional to sales. Net income is $589. Proforma year AP days and ACP are same as those in base year. Inventory days is 51 days. GFA will incense by $172 and it will be financed by long-term bank loans. CMLTD for proforma year will be same as une ase year. Common Stock is $84. Proforma dividends-$500. Prepaid expenses are proportional to sales. Minimum cash ratio is 1%. Excel:/content/enforced2/2233046-C0.090.FLF14020.13816.20214/ExcelQuiz Pro-11.xlsx Formulas:/content/enforced2/2233046-C0.090.FLF14020.13816.20214/FORMULAS.pdf Slides: /content/enforced2/2233046-C0.090.FL.F14020.13816.20214/Pro Forma Slides.pdf Use the information above. What is proforma accounts receivable? 90.8 122.9 98.8 O 111.9 Page Previous Page Next Page