Question
Solve for External financing needed!! Please!! Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income statement Balance Sheet Sales
Solve for External financing needed!! Please!! Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):
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The company has predicted a sales increase of 20 percent. Assume Fire pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. |
Prepare the pro forma statements. (Round your answers to the nearest whole dollar amount.)
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Determine the external financing needed. (Negative amount should be indicated by a minus sign.) |
External financing needed $ ????????
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