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Tomey supply company financial statements

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Reference no: EM13300052

Tomey Supply Company financial statements for the most recent fiscal year are shown below. The company management projects that sales will increase by 20 percent next year. Assume that all costs and assets increase directly with sales. The company has a constant 33 percent dividend payout ratio and has no plans to issue new equity. Any financing needed will be raised through the sale of long-term debt. Prepare pro forma financial statements for the coming year based on this information, and calculate the EFN for Tomey. (Round intermediate calculation to the nearest whole dollar, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Reference no: EM13300052

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Tomey supply company financial statements

Reference no: EM13300052

Reference no: EM13300052

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