11 Consider the following income statement for the Heir Jordan Corporation: 05 points Sales Costs HEIR JORDAN CORPORATION Income Statement $43,500 34,100 Skipped Taxable income Taxes (24%) $ 9,400 2.256 Net income $ 7144 eBook $ 2.515 Dividends Addition to retained References 4,629 eamings The balance sheet for the Heir Jordan Corporation follows Assets Current assets Cash Accounts receivable HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,550 Accounts payable $ 2,400 3,800 Notes payable 5,100 9,000 Total $ 7,500 Inventory Total $24.000 $ 15,350 Long-term debt Owners' equity Common stock and paid in surplus $38.000 Retained earnings Fixed assets $ 16,000 Net plant and equipment 5,850 Total $ 21,850 Total assets $53,350 equity Total liabilities and owners $53,350 Prepare a pro forma balance sheet, assuming an increase in sales of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Assets Current assets Cash Accounts receivable Inventory Total HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners equity Common stock and paid in surplus Retained earnings Total Total liabilities and owners equity Fixed assets Net plant and equipment Total assets Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) EFN