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Category > Business & Finance Posted 29 Jul 2017 My Price 12.00

Percent of sales: Cattail Corporation"s financial statements for the fiscal year just ended are shown below:

 

Cattail Corporation

Financial Statements for Fiscal Year just Ended ($ thousands)

Income Statement

Balance Sheet

Net Sales

$15,000

Assets

$700

Debt

$600

Costs

350

    

Equity

$100

Net Income

$1,150

Total

$700

Total

$700

Cattail management expects sales to increase by 14 percent next year. Assume that the financial statement accounts vary directly with changes in sales and that management has no financing plan at this time. Given this information, develop a pro forma income statement for Cattail for the next fiscal year

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Status NEW Posted 29 Jul 2017 01:07 PM My Price 12.00

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