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(a :The management of Mando Inc. provides the following information Sales are projected to grow by 16% in 2020 Interest expense, tax rate and the
(a :The management of Mando Inc. provides the following information Sales are projected to grow by 16% in 2020 Interest expense, tax rate and the dividend payout rate will remain .constant Costs, other expenses, current assets, fixed assets, and accounts. .payable will increase with sales The firm is operating at full capacity No new debt or equity is issued . the actual income statement and balance sheet for the year 2019 is as follows . Mando, INC. 2019 Income Statement 970000 Sales 762760 Costs 127240 Other expenses 80000 EBIT 15000 Interest 65000 Taxable income 13000 Taxes (20%) & 5 7 8 RTY U U Owners' equity 150000 Common stock Fixed assets 235150 Retained earnings 465990 Net plant & equipment 634490 Total liabilities & equity 634490 Total assets :Use the provided information to answer each of the following Complete the pro forma income statement (1 Pro Forma Income Statement Sales Costs Other expenses EBIT Interest to ox a 6 8 RY Pro Forma Income Statement Sales Costs Other expenses EBITI W Interest Taxable income Taxes (20%) Net income Complete the pro forma balance sheet (2 Pro forma Balance Sheet Current Current assets & 5 6 7 8 TY KY Ox P
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