Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e and prepare projected balance sheets and income statements for 2020
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Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e and prepare projected balance sheets and income statements for 2020 and 2021 for Verizon, the telecommunications company. Compute ROE, ROA, capital structure leverage, profit margin, and asset turnover for 2021. Assume that company management expects sales growth over the next two years to be 5 percent annually, and expects profit margin, total assets/sales, and shareholders' equity/total assets to be the same as they were for 2019.
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