$1$st and $2$nd Pass with AFN

Income Sales CGS 355 13 Depr EBIT Interest EBT Statement Taxes (25%) Net Income Div Add to RE Balance Sheet Inven Current Assets Net Fixed Assets Total Assets Accrued Wages Current Liab LTD Common Stock Retained Earnings T. Liab & Equity 0 s 5915 13 4950 1 3 s 610 109 s 501 125 s 376 100 $ 200 s 145 473 562 $1180 1775 $2955 s 56 82 $197 838 1068 852 s 2955 Pass Forecast Year 82 2nd Pass Forecast Year 82 I Calculate the proforma income statement and balance sheet assuming 30% growth (use the constant growth method and assume the company is at full capacity). Assume additional frillds needed will come from 30% LTD and 70% from a common stock issue. Interest on the debt is 10% and the common stock will sell for $50 per share and pay $1 per share in dividends.