View the step-by-step solution to: Use the following financial data to calculate AFN: Income

This question was answered on Apr 11, 2011. View the Answer
Use the following financial data to calculate AFN:
Income Statement Balance Sheet
sales $800 Assests $2,400 Debt $1,500
Costs $200 Equity $900
EBIT $600 Total $2,400 Total $2,400
Taxes $50
Net Income $550
Assests and cost are proportianl to sales. Debt is not. A dividend of 341 will be paid next year. Next year sales are projected to be $920.
Also use the data in the problem above but use the formula method to calculate.
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Dear student, yes it can be done in pro forma... View the full answer

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