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Project 2023 - 2025 Income Statement and Balance Sheet. Assumptions: Sales growth rates in each of next 3 years: 26%, 33%, 44% Operating expenses/sales percentage
Project 2023 - 2025 Income Statement and Balance Sheet. Assumptions: Sales growth rates in each of next 3 years: 26%, 33%, 44% Operating expenses/sales percentage stay at 2022 level Cost of goods sold as % of sales stays at 2022 level for 2023 and then improves (goes down!) by .05 in 2024 and by another .03 in 2025 40% tax rate on Earnings Before Taxes No new stock issued Interest expense fixed at $400 / year Bank loan and LT debt stay constant 2023 A/R days = year 2022 days, then decrease by 3 days in 2024
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
