Mathematics, 02.07.2021 01:40 lilinicholeb

Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement

Sales

$39,914

Costs

$20,393

Balance Sheet

Assets

$54,772

Debt

$33,939

Equity

?

The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well.

How much dividends should be paid to reconcile the pro forma balance sheet?

Answers: 3

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