Question
The most recent financial statements for Valley View Distributors are given below. Costs, assets, and short-term debt are proportional to sales. Long-term debt is
The most recent financial statements for Valley View Distributors are given below. Costs, assets, and short-term debt are proportional to sales. Long-term debt is not. Dividends are 20% of NI. Next year's sales are projected to be $3,600. Sales Costs Taxable Income Taxes@25% Net Income Income Statement $3,200 2,400 800 200 $600 Assets Total $3,600 $3,600 Balance Sheet Short-term Debt Long-term Debt Equity Total $192 1,248 2.160 $3,600 Required Calculate the projected Ni for the neat year? Calculate the Addition to RE for the next year? Calculate the Equity for the next year? Calculate the Plug for the next year?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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