Question: DH o , Joshua Pro Forma Assignment 9.19.18 Compatibility Mode Q- Search in Document AutoSaveOFF Home Insert Design Layout References Mailings Review View Share JOSHUA,

 DH o , Joshua Pro Forma Assignment 9.19.18 Compatibility Mode Q-

DH o , Joshua Pro Forma Assignment 9.19.18 Compatibility Mode Q- Search in Document AutoSaveOFF Home Insert Design Layout References Mailings Review View Share JOSHUA, INC Pro Forma Statements Problem A) Income Statement Ycar Ended 2017 Balance Sheet 12/31/17 527,000 18.900 8,100 Sales Cost of Goods Sold Gross Profit Expenses Eamings Before Tax Tax (.5) Ne Income Cash Accounts Reccivable Inventory Gross Fixed Assets Accumalated Depreciation Net Fixed Assers Toal AsSC0S S 500 34,000 21600 2,100 32.400 Accounts Payable Nous Payable Acuud Tax Common Stock Rctained Earnings Total Debt & Equiry S 1,573 19,175 263 15,787 $40550 A. Based on the 2017 Financial Statemes above, compure Pro Foma's for 2018 using the percene of sales method using e following assumptions: 20% growth rate in sales, and 15% dividend payout b, Page 1 of 1 116 words English (United States) + 100% -- Focus

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!