Upton Computers Pro forma balance sheet December 21, 2020 (Millions of d Particulars Calculation Amount Assets: Cash 4.235 A 3.5*1.21 Receivables 26*1.21 31.46

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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where does the 1.21 come from for the calculations for part c of the current homework. 

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Business / Accounting / Q&A Library / Upton Computers makes bulk purchases of small computers, stocks th...
Upton Computers makes bulk purchases of small computers, stocks them in conv...
Upton Computers
Pro forma balance sheet
December 21, 2020
(Millions of d
Particulars
Calculation
Amount
Assets:
4.235 A
四
Cash
3.5*1.21
Receivables
26*1.21
31.46
Transcribed Image Text:= bartleby Search for textbooks, step-by-step expl... Q&A Business / Accounting / Q&A Library / Upton Computers makes bulk purchases of small computers, stocks th... Upton Computers makes bulk purchases of small computers, stocks them in conv... Upton Computers Pro forma balance sheet December 21, 2020 (Millions of d Particulars Calculation Amount Assets: 4.235 A 四 Cash 3.5*1.21 Receivables 26*1.21 31.46
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