In the previous question, assume the company pays out half of net income in the form of
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In the previous question, assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements and determine the external financing needed.
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Income Statement Balance Sheet $36,000 Assots 29,800 $26,400 Dobt Salos Costs Equity $26,400Total $6,300 20,100 $26,400 Net income $6,200 Total
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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