Aproposed new investment has projected sales of $660,000. variable costs are 60 percent of sales, and fixed costs are $155,000; depreciation is $56,000. prepare a pro forma income statement assuming a tax rate of 30 percent. what is the projected net income? (input all amounts as positive values. do not round intermediate calculations.)

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.