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solve this pleas Delalo, Inc. 2015 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
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Delalo, Inc. 2015 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net Income $12,400 9,100 1,800 1,500 3401 $1,160 406 $754 Dividends Addition to retained earnings $301.60 $452.40 Cash Accounts Rec. Inventory Total Net fixed assets Total assets Delalo, Inc. 2015 Balance Sheet $990 Accounts Payable 840 Long-term debt 620 Common stock $2,450 Retained earnings 10,020 $12,470 Total Liabilities & equity $1,330 3,7001 4,600 2,840 $12,470 All costs and net working capital vary directly with sales Sales are projected to decrease by 3%. What is the projected decrease in accounts receivable Step by Step Solution
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