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Marine Supply Company Part 2 As discussed earlier, the partners hevejust tclli yuu that the United States Navy has proposed the purchase ufSlEHJm...

Using year 4 as the base year, as well as using logical assumptions (If their sales increase, the assumption has to be that the will incur higher expensesand based on the information provided in the Marine Supply paragraph what would the numbers projected for year 5 for the Income Statement as well as the Balance Sheet

please make real life Logical Assumptions when making the projection of the balance sheet as well as for the income statement

The five assumptions listed below were made by another person that answered the question, please disregard or use that as a base to make logical assumptions, and fix the balance sheet and income statement to make sense based on the information provided


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Screen Shot 2018-05-15 at 1.18.35 AM.pngScreen Shot 2018-05-15 at 1.18.28 AM.png

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Marine Supply Company — Part 2 As discussed earlier, the partners hevejust tclli yuu that the United States Navy has
proposed the purchase ufSlfiEHJfim ufn'lsn'ne supplier... This ccutrsct, ifscceptefl,
wetfld require a une-tin'ne investment in new equip-III cf$l,flflfl,flflfl sud wcuid he
renewedycsr sfler year. After scene discussicu ans-ting Thamehll, Illefg.r decide-Elm accept
Thecrtlersndsreuewwunfleringwhsttc dc next. This iswhyflleyhsve cflledjruu.

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Screen Shot 2018-05-15 at 1.18.35 AM.png

PRDJECTED IHCflME ETHI‘EMENT FDR
THE YEAR 5 ——— Hates:
The fclicwing Assumptions has been made in the
shave pmjsctims: I. HcDeptecisticnhssh-eenchsrgedcnthenew
cquiptttcnt. 2. Nu {Hitler Elpcnscs arc incurtctl itt cumplcticn
cfshcvecmtrnctcndsilcfltflespensescnd
incomes remain unchangedi 3. his Inmease in is: Liabilin arises due is
acceptancc cf new cuntrcct {Lc.. lnccmc
camcd fi'cm sales to Navy are escmptcd from
tax} 4. Dividendhsshecndecismd st dissstncrstest
which it “rm given in prcviuus ycar 5. As the Base cht is Test 4. HI:- lnctcssc in
CLIII‘HII Liabilities and Cmt‘mt assets can be
midst-ed.

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