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The balance sheet for Heir Jordan Corp is shown below. Based on this information and the income statement in the previous problem, supply the missing
The balance sheet for Heir Jordan Corp is shown below. Based on this information and the income
statement in the previous problem, supply the missing % information in the table using the percent
sales approach. Put n/a where appropriate. Hint: look back through the chapter and see which
balance sheet accounts are a percent of sales and which are not.
HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes (35%) Net income 37,600 $8,400 2,940 $5,460 Dividends: S2,400 Addition to Ret Earnings: $3,060
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