SOLUTION: Consider the following simplified financial statements of XYZ Corporation, assuming there are no income taxes. ( In millions) for the year ended December 31,2020, XYZ has predicted

Question 1187722: Consider the following simplified financial statements of XYZ Corporation, assuming there are no income taxes. ( In millions) for the year ended December 31,2020, XYZ has predicted a sales increase of 22%.It has also Predicted that all items in the balance sheet will increase by 22% as well.
Income Statement. Balance Sheet
Sales Php 9,000. Assets Php 4,500. Debt Php 2,250
Costs 7,000. Equity 2,250
Net Income Php 2,000. PHP 4,500. PHP 4,500
1.) How much is the total predicted sales?
2.) How much is the total predicted gross profit?
3.) How much is the total predicted assets?
4.) How much is the total predicted debt?
5.) How much is the predicted equity?
6.) How much is the total predicted balance sheet?

Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
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