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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):

Income Statement
Sales	$36308
Costs	$20204

Balance Sheet
Assets	$52556	Debt	$33346
		Equity	?

The company has predicted a sales increase of 13 percent. It has predicted that every item on the balance sheet will increase by 13 percent as well.

What is the pro forma net income?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92740628

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