2019 Income Statement Sales 500 Costs 400 EBIT 100 Int. Exp. 60 EBT 40 Taxes 10 Net Income 30 2019 Balance Sheet Current Assets Fixed Assets Total Assets 100 200 300 Current Liabilities Long-term Debt Total Equity Total Liab. & Equity 50 150 100 300 Round your final answer to 1 decimal place AFN [a] QUESTION 7 use the following items to calculate the company's AFN for 2020. Assume sales are expected to increase to $550 in 2020 (10% increase) and that all income statemer assets, and current liabilities change proportionally with sales. Equity only changes by addition to retained earnings. The dividend payout rate is 60%. 2019 Income Statement Sales 500 Costs 400 EBIT 100 Int. Exp. 60 EBT 40 Taxes 10 Net Income 30 Use the following items to calculate the company's AFN for 2020. Assume sales are expected to increase to $550 in 2020 (10% increase) and that all income statement ite assets, and current liabilities change proportionally with sales. Equity only changes by addition to retained earnings. The dividend payout rate is 60%. en llabilities change proportionally with sales. 2019 Income Statement Sales 500 Costs 400 EBIT 100 Int. Exp. 60 EBT 40 Taxes 10 Net Income 30 2019 Balance Sheet Current Assets Fixed Assets Total Assets 100 200 300 Current Liabilities Long-term Debt Total Equity Total Liab. & Equity 50 150 100 300 Round your final answer to 1 decimal place O Type here to search Ing items to calculate the company's AFN for 2020. Assu assets, and current liabilities change proportionally with sales. Equity 19 Income Statement Sales 500 Costs 400 EBIT 100 60 EBT 40 Taxes 10 Net Income 30 Int. Exp. 2019 Balance Sheet Current Assets Fixed Assets Total Assets 100 200 300 50 Current Liabilities Long-term Debt Total Equity Total Liab. & Equity 150 100 300 Round your final answer to 1 decimal place AFN [a] QUESTION 8