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ENG 111 Winter 2014 HW 2

Sales are projected to increase by 25 in 2014 costs

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Unformatted text preview: t on grocery stores instead of pharmaceutical companies? Question 3: The following tables provide the Income Statement and Balance Sheet for Company Y for 2013. Sales are projected to increase by 25% in 2014. Costs, Cash, Accounts Receivable, Inventory, Fixed Assets and Accounts payable accounts are expected to increase so as to constitute the same percentage of sales as in 2013. (For example, Costs($800) were 80% of Sales($1,000) in 2013, hence Costs will increase to $1,000, constituting again 80% of new sales $1,250 in 2014.) Notes Payable, Long- Term Debt and Owners’ Equity does not change...
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