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Q1- A company estimates the following linear models to prepare pro-forma financial statements. The next year Sales is expected to be $50.000.000. Using the
Q1- A company estimates the following linear models to prepare pro-forma financial statements. The next year Sales is expected to be $50.000.000. Using the information, prepare pro-forma Balance Sheet. Equity: $30.000.000 Leverage: 40% Receivables = 0.16+ 0.2Sales Inventories = 2.25 +0.1 Sales Current Liabilities=0+ 0.15Sales Current Assets: 3.2 +0.35Sales
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
