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Can someone teach me how to do the income statement? 16) With the information below grow Revenue by 18% and determine if there will be
Can someone teach me how to do the income statement?
16) With the information below grow Revenue by 18% and determine if there will be a cash flow need? And if so, show how and what the cash flow need or excess cash flow. Growth Rate 18.00% Income Statement Sales Less: costs EBT Less: taxes (40% of EBT) Net Income 2001 % 2002 Pro Fomra $330,000 ($240,000) $90,000 $36,000 $54,000 $16,200 Sales Less: costs EBT Less taxes (40% of EBT) Net Income Dividends (30%) Add. To RE Dividends Add. To RE Balance Sheet Current Assets 2001 $19,800 $96,600 $123,900 $240,300 2001 $65,000 $62,000 2002 Current Liabilities Casb A/R A/P N/P Inventory Total Fixed Assets Net PP&E Total LT Debt $127,000 $154,400 $209,350 Owners Equity Common Stock Retained Earnings $110,000 $58,250 S168,250 Total Total Assets $449.650 Total L&OE $449,650 Step by Step Solution
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