4 prev Question a 2 (of 8) next 12.50 points Consider the following simplified f

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4 prev Question a 2 (of 8) next 12.50 points Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes) Income Statement Balance Sheet $32,000 Assets $25,300 Debt 5,800 24400 Equity 19,500 Net income 7600 Total $25.300 Total $25.300 The company has 15 Assume Fire out net income in the form of a cash dividend. costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements Pro forma income statement Pro forma balance sheet 36800 Assets 29095 Debt 28060 8740 Total s 29095 Total Determine the external financ needed Negative amount should be indicated by a minus sign) Worksheet Leaming objectve o4-01 How to apply the percentage orsales n Learning objectve 04-02How to compute the external nnancing growth. TOSHIBA F1 FB F10 F11

Explanation / Answer

the value of equity is $23,295

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