xyz company expect sales of 2400000 next year and expects sales of the same amout the following year. sales are spread evenly through out the year ….

xyz company expect sales of 2400000 next year and expects sales of the same amout the following year. sales are spread evenly through out the year . on the basisof the following information. prepare a pro forma balancesheet and income statement for the year end= 4% of anual sales= 60days average collection period basid on annaul sales= Turn over of 8 times a year= $500,000 now, capital expenditure are equel to depreciation= 1 month’s purchase= 3% of sales= $50,000 now, can borrow up to $250,000= $300,000 now, $75,000 payable at year end.= $100,000,no additions planned.= $500,000 now= 8% of sales= none= 60% of sales= 50% of cost of goods sold.= 50% of before tax profits.

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