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Could someone please provide me with the most accurate answers. 2016 Actual 2017 Initial Results Forecast $32 $32 Dividends per share (504) (360) Depreciation $18,000
Could someone please provide me with the most accurate answers.
2016 Actual 2017 Initial Results Forecast $32 $32 Dividends per share (504) (360) Depreciation $18,000 Net sales $25,200 Addition to retained earnings $546 $1,108 Earnings before interest and taxes $2,340 $3,276 $59 Earnings per share $88 $3,600 $5,040 Gross profit Number of common shares (millions) 20.0 20.0 (14,400) (20,160) Cost of goods sold $1,980 $2,916 Earnings before taxes Net income $1,188 1,750 Fixed operating costs except depreciation (900) (1,260) (642) (642) Common dividends Taxes (792) (1,166) Interest (360) (360) Which of the following are assumptions made by the initial income statement forecast? Check all that apply. The assigned depreciation method has changed L The facility is currently operating at full capacity. EX The forecasted increase in net sales is 40% Additional external financing will be required by Black Sheep Broadcasting Company No additional external financing will be required The facility is not currently operating at full capacityStep by Step Solution
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