$ 180,000 78.000 90,000 Bill Inc.'s last year financial statements are shown below: Bill Inc. Balance Sheet as of December 31 Cash $ 90,000 Accounts payable Receivables 180,000 Notes payable Inventory 360.000 Accruals Total current $630,000 Total current liabilities assets Common stock Net fixed assets 720.000 Retained earnings Total liabilities and Total assets $1.350.000 equity $ 348,000 900.000 102.000 $1.350.000 Bill Inc. Income Statement for December 31 Sales $1,800,000 Operating costs 1.639 860 EBIT $ 160,140 Interest 10 140 EBT $ 150.000 Taxes (40%) 60.000 Net income $90,000 Dividends (60%) $ 54,000 Addition to retained S 36.000 earnings Suppose that next year's sales will increase by 20 percent over last year's sales. Construct the pro forma financial statements using the percent of sales method. Assume the firm operated at full capacity last year. How much additional capital will be required? A. e. 5263.921 B. b. $95.288 C. c $100,251 D. d. $172 313 E. e. $263.921 $ 180,000 78.000 90,000 Bill Inc.'s last year financial statements are shown below: Bill Inc. Balance Sheet as of December 31 Cash $ 90,000 Accounts payable Receivables 180,000 Notes payable Inventory 360.000 Accruals Total current $630,000 Total current liabilities assets Common stock Net fixed assets 720.000 Retained earnings Total liabilities and Total assets $1.350.000 equity $ 348,000 900.000 102.000 $1.350.000 Bill Inc. Income Statement for December 31 Sales $1,800,000 Operating costs 1.639 860 EBIT $ 160,140 Interest 10 140 EBT $ 150.000 Taxes (40%) 60.000 Net income $90,000 Dividends (60%) $ 54,000 Addition to retained S 36.000 earnings Suppose that next year's sales will increase by 20 percent over last year's sales. Construct the pro forma financial statements using the percent of sales method. Assume the firm operated at full capacity last year. How much additional capital will be required? A. e. 5263.921 B. b. $95.288 C. c $100,251 D. d. $172 313 E. e. $263.921