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Home Depot Proformas using the Percent-of-Sales Method

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Based on the financial statement in the annual report for Home Depot (using 2007 figures) develop a set of pro forma financials (income and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assume that the company's sales have increased by 20%.

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Solution Summary

In this solution the author completes Home Depot proformas using the percent-of-sales method. Calculations are included and the solution is provided in a Microsoft Excel document.