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Financing Deficit Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December 31,2021 (Thousands of Dollars) Stevens grew rapidly in 2021

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Financing Deficit Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December 31,2021 (Thousands of Dollars) Stevens grew rapidly in 2021 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by 25% in the next year but will finance the growth wath a ine of credt, not notes payable or loov-term bonds, Use the ferecasted financlal statement method to forecast a bolance sheet and income statement for -December 31 , 2022 The interest rate on all debt is 5%, and cash earns no interest income. The line of credit is added at the end of the year, which means that you should base the forecasted interest expense on the balance of debt at the beginning of the vear. Use the forecasted income statement to determine the addition to retained earnings, Assume that the corripany was operating at fult capacity in 2021, that it cannot sell off any of ifs fixed assets, and that assets, spontaneous ilabilities, and operating costs are expected to increase by the same percentege as sales: *. What is the projected value for eacnings before interest and taxes? Do not round intermediate calculations. Round your answer to the nearest dollar. 5 b. What is the projected value for pre-tax earnings? Do not round intermediate cakulatiens. Round your answer to the nearest dollar. $ C. What is the projected net incorne? Do not round intermediate calculations, Round your answer to the nearest dollar. 5 d. What is the projected addition to retained eamings? Do not round intermediate calculations. Round your answer to the nesrest dollsr. 5 e. What is the projected value of total current assets? Do not round intermediste calcutations. Round your answer to the nearest doliar. \$. 1. What is the projected value of total assets? Do not round intermediate calculations, Round your answer to the nearest dollar; 1) 9. What is the projected sum of accounts povable, accruals, and notes payable? Do not round intermediate calculations, flound your answer to the nearest dollar. 4 h. What in the forecasted line of credit? Oo not round intermediate calculations, Round your answer to the nearest dollar: 5

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