Question: The company pays interest at 12% on all borrowings. And pays a combined state and federal tax rate of 35%. Complete the forecast income statement

The company pays interest at 12% on all borrowings. And pays

The company pays interest at 12% on all borrowings. And pays a combined state and federal tax rate of 35%. Complete the forecast income statement and balance sheet. Begin by guessing at interest expense as 10% of beginning debt. Financial plan Johnson Company

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