Which of the following statements is correct if a firms pro forma financial statements project net income
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Question:
Which of the following statements is correct if a firm’s pro forma financial statements project net income of $12,000 and external financing required of $5,000?
Total assets cannot grow by more than $10,000. | ||
Dividends cannot exceed $10,000. | ||
Retained earnings cannot grow by more than $12,000. | ||
Long-term debt cannot grow by more than $5,000. |
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
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