Complete the Following Pro Forma Financial Statements for XYZ Corporation

question 20

Essay

Complete the following pro forma financial statements for XYZ Corporation.Use the percent-of-sales method and use long-term debt as the plug figure (balancing item).Assume the following: 20% sales growth,capital expenditures of 200 in 2015,no equity issues or repurchases in 2015,no sale or disposal of fixed assets in 2015,and a 50% dividend payout ratio.Round figures to the nearest whole dollar.

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Definitions:

Menstrual Blood

The blood and tissue that shed from the lining of the uterus during the menstrual cycle if fertilization does not occur.

Pubic Lice

Pubic lice are parasitic insects that infest the human genital area, causing itching and discomfort; they are usually transmitted through sexual contact.

Intense Itching

Severe discomfort that leads to an urgent need to scratch the affected area of the skin.

Pelvic Inflammatory Disease

is an infection of the female reproductive organs, often caused by sexually transmitted diseases.