2016 Actual 2017 Initial Results Forecast Earnings per share $53. Dividends per share $29 Addition to retained earnings $611 Gross profit $3,200 $3,520 Taxes (704) (787) common dividends (570) (570) Cost of goods sold (12,800) (14,080) Net income $1,056 1,181 Earnings before taxes $1,760 $1,968 Net sales $16,000 $17,600 Number of common shares (millions) 20.0 20.0 Interest (320) (320) Depreciation (320) (352) Fixed operating costs except depreciation (800) Earnings before interest and taxes $2,080 $2,288 which of the following are assumptions made by the initial income statement forecast? Check all that apply. The cost Logistics Corp. will be issuing additional shares of common stock in the coming year. of percentage for saltwater Logistics Corp. will decrease due to economies of scale. O saltwater Logistics Corp. will be issuing additional in the coming year. debt The forecasted increase in net sales is 10%. Spontaneously generated funds sufficiently cover any financing needs. O No excess capacity currently exists. Which of the following could be a direct cause of financing feedback? I. issuing additional common stock II. Purchasing additional buildings with internally generated funds III. An unexpected increase in sales IV. Borrowing from the bank O I and IV O III and IV and IV O I and