Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's

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Nelson Heating and Ventilating Company estimates the coming year's sales revenue based on external data. The company's main business is new shopping mall construction, and uses the square footage of each mall as a "yardstick" for many financial statements and projections. The company does business in four Midwest states. Last year, it completed heating and ventilating systems on four shopping malls with an average square footage of 3,000,000 square feet for sales revenues of $9,600,000. Nelson is hired for one-third of the new malls in the four- state area. This coming year, nine new malls are being built with an average footage of 4,500,000 square feet. What is Nelson's anticipated sales revenue for the coming year?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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