Complete the following pro forma financial statements for XYZ Corporation.Use the percent-of-sales method and use long-term debt as the plug figure (balancing item).Assume the following: 20% sales growth,capital expenditures of 200 in 2015,no equity issues or repurchases in 2015,no sale or disposal of fixed assets in 2015,and a 50% dividend payout ratio.Round figures to the nearest whole dollar.

Question

Quizplus · Accepted Answer

The Answer of Complete the following pro forma financial statements for XYZ Corporation.Use the percent-of-sales method and use long-term debt as the plug figure (balancing item).Assume the following: 20% sales growth,capital expenditures of 200 in 2015,no equity issues or repurchases in 2015,no sale or disposal of fixed assets in 2015,and a 50% dividend payout ratio.Round figures to the nearest whole dollar.

Complete the Following Pro Forma Financial Statements for XYZ Corporation