b) $51,352 sales to increase by 10% et income in 2021? c) 49,562 d) $45,681 18. Assume the company is operating at full capacity. Based on a 10% increase in sales what should be the projected level of retained earnings (on the balance sheet) next year, if the company's dividend payout is 60% of Net Income? a) $131,211 b) $99,228 c) $102,532 d) $119,364 19. Assume the company is operating at full capacity. Based on dividend payout of 60%, compute the Additi a) $12,522 d) $577,736 Current Quick Inventory Turnover DSO ROIC 1.8 x 1 x 3.4x 42.1 days 14.5% Industry Ratios Fixed Asset Turnover 4.0x Total Asset Turnover 1.3x Debt Ratio 45.0% TIE 6.5x Net Profit Margin ROA ROE Price/Earnings Market/Book 8.7% 12.6% 17.2% 13.0x 2.Ox Pro Forma 2020 2019 CASH AND MARKETARLE SECURITIES ACCOUNTS RECEIVABLE INVENTORIES CURRENT ASSETS GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION 29,560 25,000 115,200 100.000 135.000 125.000 279,760 250.000 400.000 350,000 130,000 100,000 270.000 250.000 549,760 500,000 NET FIXED ASSETS TOTAL ASSETS LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRURALS NOTES PAYABLE CURRENT LAIBILITIES LONG TERM DEBT TOTAL LIABILITIES COMMON STOCK ($1.00 par) RETAINED EARNINGS TOTAL OWNER'S EQUITY 89,700 78,000 34,000 30,000 36.800 34.000 160,500 142,000 155.000 140.000 315,500 282,000 150,000 150,000 84.260 68.000 234,260 218,000 TOTAL LIABILITIES AND EQUITY 549,760 500,000 INCOME STATEMENT 2020 2019 NET REVENUES & SALES (100,000 UNITS) COST OF GOODS SOLD GROSS PROFIT FIXED OPERATING EXPENSES (pre depreciation) DEPRECIATION EXPENSE OPERATING INCOME (EBIT) INTEREST INCOME BEFORE TAXES (EBT) INCOME TAXES (40%) NET INCOME Retained Earnings Dividends NUMBER OF SHARES OUTSTANDING Dividends per share 805,000 700,000 517,500 450,000 287,500 250,000 173.650 151,000 30,000 25.000 83,850 74,000 16.100 14.000 67,750 60,000 27.100 24,000 40,650 36,000 16,260 14,400 24,390 21,600 50,000 50,000 50,000 0.6896 0.57