1. Complete the proforma income statement and the balance sheet.
2. Calculate the plug.
3. What is the Internal Growth Rate?

Percentage of Sales Method Growth 14.50% Interest Rate 6.00% Tax 21.00% Dividend 50.00% COGS % of Sales 50.00% Op Exp % of Sales 9.52% Income Statement Current Proforma Sales $4,200.00 COGS GP OP EXP EBIT Int Exp ($108.00) EBT Tax NI DIV RE Balance Sheet (Year End) Assets Current Proforma Liab+Equity Current Proforma Cash $450.00 A/P & Accruals $650.00 A/R $1,600.00 N/P $2,050.00 Inv $2,600.00 LTD $1,800.00 FA $5,000.00 CS Par Value + Paid in cap $2,200.00 RE $2,950.00 TA $9,650.00 TL+Equity $9,650.00 PLUG