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Business, 04.10.2019 19:20 lorelaistudent

Consider the following income statement for the heir jordan corporation: heir jordan corporation income statement sales $ 49,000 cost 40,300 taxable income $ 8,700 taxes (22%) 1,914 net income $ 6,786 dividends $ 2,400 addition to retained earnings 4,386 the balance sheet for the heir jordan corporation follows. heir jordan corporation balance sheet assets liabilities and owners’ equity current assets current liabilities cash $ 2,950 accounts payable $ 2,400 accounts receivable 4,100 notes payable 5,400 inventory 6,400 total $ 7,800 total $ 13,450 long-term debt $ 28,000 owners’ equity fixed assets common stock and paid-in surplus $ 15,000 net plant and equipment $ 41,300 retained earnings 3,950 total $ 18,950 total assets $ 54,750 total liabilities and owners’ equity $ 54,750 prepare a pro forma balance sheet, assuming a sales increase of 15 percent, no new external debt or equity financing, and a constant payout ratio. (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

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Consider the following income statement for the heir jordan corporation: heir jordan corporation in...
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