External financing problem

Aug 2nd, 2016
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Solution for: The most recent financial statements for GPS Inc. are shown here

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Question 2An increase of sales to $28,800 is an increase of:% increase in sales = ($28,800 23,100) / $23,100 = 0.25 or 25%Assuming costs and assets increase proportionallyPro forma income statementSales$CostsEBIT28,800 Assets$151,250 Debt19,875$Taxes (35%)Net incomePro fo

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