Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income State
Posted: Fri Jul 01, 2022 7:48 am
Consider the following simplified financial statements for theFire Corporation (assuming no income taxes):
Income Statement
Sales
$37,289
Costs
$24,022
Balance Sheet
Assets
$51,221
Debt
$35,110
Equity
?
The company has predicted a sales increase of 10 percent. It haspredicted that every item on the balance sheet will increase by 10percent as well.
How much dividends should be paid to reconcile the pro formabalance sheet? Round 2 decimal places.
Income Statement
Sales
$37,289
Costs
$24,022
Balance Sheet
Assets
$51,221
Debt
$35,110
Equity
?
The company has predicted a sales increase of 10 percent. It haspredicted that every item on the balance sheet will increase by 10percent as well.
How much dividends should be paid to reconcile the pro formabalance sheet? Round 2 decimal places.