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Using the financial information for Gerrard Corp. Multiple Choice $9,980 $9,954 $9,960 $9,947 $19,192 Using the financial information for Gerrard Corp. below create the pro
Using the financial information for Gerrard Corp.
Multiple Choice $9,980 $9,954 $9,960 $9,947 $19,192
Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $22,000 Assets Costs 12,500 Net income $9,500 Total Balance Sheet $10,400 Debt Equity $10,400 Total $4,900 5,500 $10,400 The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Compute the plug variable here?for Gerrard CorpStep by Step Solution
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