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4. Problem 16.01 Click here to read the book: Forecasted Financial Statements PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 come statement
4. Problem 16.01 Click here to read the book: Forecasted Financial Statements PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 come statement millions of dollars) Sales $700 Operating costs including depreciation 500 COTT 1200 Interest 40 EBT 5160 Tones (40%) 64 Not income 396 Dividends $32 Addition to retained ning For the coming year the company is forecasting 20% rease in sales, and expects that its year and operating costs, ududing deprecaton, will on osales, Austin's tax note, interest expense, and dividend payout ratio are all expected to remain constant 2. What is Anttin's projected 2017 net income? Ester your answer in millions. For example, aner of $13,000,000 should be entered 13. Round your newer is two deonal places min d. What is the expected growth rate Asses? Do not round your intermediate calculation and your to two decal places
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