Consider the following income statement for the Heir Jordan Corporation:

The balance sheet for the Heir Jordan Corporation follows.

Prepare a pro forma balance sheet, assuming a sales increase of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Consider the following income statement for the Heir Jordan Corporation: EIR JORDAN CORPORATION Income Statement Sales Cost $49,000 40,300 Taxable income Taxes (22%) 8,700 1,914 Net income 6,786 Dividends Addition to retained $2,400 4,386 earnings The balance sheet for the Heir Jordan Corporation follows HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current liabilities Current assets $2,950 Accounts payable 4,100 Notes payable Cash Accounts 2.400 5,400 $ 7800 $28,000 receivable Inventory 6,400Total Total $13,450 Long-term debt Owners' equity Common stock and paid $ 15,000 3,950 $ 18,950 $ 54,750 Fixed assets in surplus Net plant and equipment $41,300 Retained earnings Total $54,750 Total liabilities and Total assets owners' equity Prepare a pro forma balance sheet, assuming a sales increase of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory Accounts pavable Notes payable Total Total Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment Retained earnings Total Total liabilities and owners' equity Total assets Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) EFN