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expert my professor graded my paper i submitted and all the problems were incorrect i don't what formulas you used but they were incorrect please see below :

question #4:

$

pro forma income statement



sales $25,800 + 20% =

cost of goods sold 19,800 + 20% =

taxable income = taxes (34%) $11,600 x 34%) = net income =

dividend $1,841.40 x 20% =


retained earnings ( $7,365.60 – 2,209.68) =





pro forma balance sheet



assets $113,000 x 20% = $

debt $20,500 =

equity ($92,500 + 5,155.92) =

total debt and equity =



external financing: assets – total debt + equity) =





question #7:



return on equity (roe) = profit margin x total asset turnover x equity multiplier



plowback ratio = (1 – payout ratio)



sustainable growth = (return on equity x plowback ratio)/(1 – return on equity x plowback ratio)




question #15:



current assets: current ratio x current liabilities =

net income: sales x profit margin =

total equity: net income/return on equity =

long-term debt: total equity/[(1/long-term debt) – 1] =

total debt: current liabilities + long-term debt =

total assets: total debt + total equity =

net fixed assets = total assets – current assets =



chapter 4:



question #10:



you may use the time value of money (table a-3)(future value of $1 table) to determine the interest factor using the given interest rate and number of years to compute the future value amount. if you decide to use the formula in your textbook, it is also alright. your answers may be a little different from the one derived using the interest factor from the table. but, it is still correct, just some minor differences. i solved it both ways with both answers.



answers using the table:



a) $1,900 x interest factor =

b) $1,900 x x interest factor =

c) $1,900 x x interest factor =

d) $1,900 x x interest factor =


your answers to questions #7, 15 and 10 are incorrect. you may resubmit on or before wednesday to receive partial points.
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