You are preparing pro forma financial statements for 2 0 2 1 using the percent - of
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You are preparing pro forma financial statements for using the percentofsales method. Sales were $ in and are projected to be $ in Net income was $ in and is projected to be $ in Equity was $ at yearend and $ at yearend Assuming that this company never issues new equity, never repurchases equity, and never changes its dividend payout ratio, what would be projected for equity at yearend
Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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