6. The Eagle Feather Fabric Company expects to complete the current year with the following financial results ($000).

Forecast next year using a modified percentage of sales method assuming no dividends are paid and no new stock is sold along with the following:

a. A 20% growth in sales and a 40% growth in net fixed assets.

b. A 15% growth in sales with a 10% growth in expenses and a 20% growth in net fixed assets. (Negative debt means the business will generate more cash than is currently owed.)

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INCOME STATEMENT BALANCE SHEET Revenue $36,100 Assets COGS 14,440 Cash GM $21,660 Expenses 12,635 EBIT $ 9,025 Interest (11%) 625 EBT $ 8,400 Tax (42%) 3,528 EAT $ 4,872 Accruals Accounts receivable Inventory Current assets Net fixed assets Total assets Liabilities & equity Accounts payable 7,250 $16,138 $ 1,550 530 $ 1,000 5,000 2,888 $ 8,888 Current liabilities $ 2,080 Debt 5,598 Equity 8,460 Total L&E $16,138