assessment/take/launchjsp?course assessment_id-1483139_18_course_jd-_1863880_1&content_id = 47018... Web Store M Gmail Realize Your Potenti. Kindle Cloud Reader WileyPLUS New Tab Quizzes & Tes Maps News Question Completion Status: Use the following information on Company X and perform pro-forma financial modeling using a percentage sales method to answers the next two questions. Sales in 2020 are expected to grow at a rate of 9% with respect to the values of 2019. Assume the company pays out 55% of its net income. Table 1 Income Statement, 2019 Balance Sheet, 2019 Sales Costs except Depr. 7,000,000 -3,500,000 3,500,000 EBITDA Depreciation -10,900 EBIT 3,489,100 Assets Cash and Equivalents 1,156,000 Accounts Receivable 960,000 Inventories 90,000 Total Current Assets 2,206,000 Property Plant & 2,190,000 Equipment Total Assets 4,396,000 Liabilities & Equity -100,500 Interest Expense (net) Pretax Income Income Tax 3,388,600 -1,186,010 Men Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit assessment/take/launchjsp?course assessment_id-1483139_18_course_jd-_1863880_1&content_id = 47018... Web Store M Gmail Realize Your Potenti. Kindle Cloud Reader WileyPLUS New Tab Quizzes & Tes Maps News Question Completion Status: Use the following information on Company X and perform pro-forma financial modeling using a percentage sales method to answers the next two questions. Sales in 2020 are expected to grow at a rate of 9% with respect to the values of 2019. Assume the company pays out 55% of its net income. Table 1 Income Statement, 2019 Balance Sheet, 2019 Sales Costs except Depr. 7,000,000 -3,500,000 3,500,000 EBITDA Depreciation -10,900 EBIT 3,489,100 Assets Cash and Equivalents 1,156,000 Accounts Receivable 960,000 Inventories 90,000 Total Current Assets 2,206,000 Property Plant & 2,190,000 Equipment Total Assets 4,396,000 Liabilities & Equity -100,500 Interest Expense (net) Pretax Income Income Tax 3,388,600 -1,186,010 Men Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit