Multiple Choice
In the above financial statements,Royal Corporation has prepared (incomplete) pro forma financial statements for 2014,based on actual financial statements for 2013.Royal Corp.used the percent-of-sales method assuming a sales growth rate of 10% for 2014.If capital expenditures are planned to be $1,615 in 2014,then what would be the appropriate projection for net fixed assets in 2014?
A) $4,453
B) $4,563
C) $4,663
D) $5,663
Correct Answer:
Verified
Correct Answer:
Verified
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