Question: . . Please use the following projections for Top-A1 Inc.: Total sales of $149,000 Cost of goods sold equal to 76 percent of sales Total
. . Please use the following projections for Top-A1 Inc.: Total sales of $149,000 Cost of goods sold equal to 76 percent of sales Total expenses equal to 13.6 percent of sales Tax rate of 35 percent Beginning equity of $54,500 Beginning inventory of $11,100 Age of ending inventory of 58 days Minimum cash balance of $9,100 Accounts receivable of 28 days Fixed assets of $63,900 Accounts payable of 33 days Assume Top-A1 has a dividend payout of 38 percent. Complete the pro-forma income statement for Top-A1 below: (Round to the nearest dollar.) Top-A1 Inc. Pro Forma Income Statement Sales A Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes $ $ $ $ $ Not corinne
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