Question
The income statement and balance sheet for the ZZZ Mattress Co. for the year ended December 31, 2010 follow. The ZZZ Mattress Co. has been
The income statement and balance sheet for the ZZZ Mattress Co. for the year ended December 31,
2010 follow.
The ZZZ Mattress Co. has been requested by the 1st National Bank, a major creditor, to prepare a pro forma
balance sheet for the year ending, December 31, 2011. Using the percent-of-sales method and the following
financial data, prepare the pro forma income statement and balance sheet and discuss the resulting external
financing required.
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Public Finance An International Perspective
Authors: Joshua E. Greene
1st Edition
9814365041, 978-9814365048
