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what more info do you need ? it says the direction for the chart in the second paragraph Tardiff Furniture Company is planning to establish
what more info do you need ? it says the direction for the chart in the second paragraph
Tardiff Furniture Company is planning to establish a wholly owned subsidiary to manufacture upholstery fabrics. Tardiff expects to earn \$1 million after tax (Net Income) on the venture during the first year. The president of Tardiff wants to know what the subsidiary's balance sheet would look like. The president believes that it would be advisable to begin the new venture with ratios that are similar to the industry average. Tardiff plans to make all sales on credit. All calculations assume a 365 day year. In your computations you should round all numbers to the nearest $1,000. Based upon the industry average financial ratios presented here, complete the projected balance sheet for Tardiff's upholstery subsidiary. Show all of your work! Tardiff Furniture Company is planning to establish a wholly owned subsidiary to manufacture upholstery fabrics. Tardiff expects to earn \$1 million after tax (Net Income) on the venture during the first year. The president of Tardiff wants to know what the subsidiary's balance sheet would look like. The president believes that it would be advisable to begin the new venture with ratios that are similar to the industry average. Tardiff plans to make all sales on credit. All calculations assume a 365 day year. In your computations you should round all numbers to the nearest $1,000. Based upon the industry average financial ratios presented here, complete the projected balance sheet for Tardiff's upholstery subsidiary. Show all of your work Step by Step Solution
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