Superb Professors

Decker Enterprises Projected         Sales na          1,500         Costs na
Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker’s assets are operating assets. All of Decker’s current liabilities are operating liabilities.
Income statement Current
1,050
Profit before tax na
450
Taxes na
135
Net income na
315
Dividends na
95
Balance sheets Current Projected     Current Projected Current assets          100
115
Current liabilities           70
81
Net fixed assets     1,200
1,440
Long-term debt         300
360
Common stock         500
500
Retained earnings         430
650
 
Based on the projections, Decker will have
a. a financing deficit of $36
b. a financing surplus of $255
c. zero financing surplus or deficit
d. a financing surplus of $36
e. a financing deficit of $255
 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

The post Decker Enterprises Projected         Sales na          1,500         Costs na Below are the simplified current and projected financial statements for Decker Enterprises appeared first on Superb Professors.

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"