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FincCo.hasthe following information: (21 points) 1)Price per unit sold is $20 and 1 million units are expected to be sold. 2)Cost of goods sold per

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FincCo.hasthe following information: (21 points) 1)Price per unit sold is $20 and 1 million units are expected to be sold. 2)Cost of goods sold per unit is $15. 3)Rate on debt is 10 %. 4)Tax rate is 40% 5)Dividend per share is $2.50. 6)The firm has $4 million in debt. 7)The firm has 100,000 shares of stock which was sold at $2 per share 8) Last year's ca sh was $225,000. 9) All new reta ined eamings will go into cash if the firm makes a profit and if dividends end up being less than profit) 10) DSO is 30 days 11) ITO is 12 12) No new equipment was purcha sed or sold. 13) the current equipment has $300,000 gross and $250,000 in accumulated depreciation at the end of la st year. 14) Retained eamings on last year's balance sheet were $500,000. Fill in the missing parts of the Income Statement given the information above (I point per item/ 13 points total) Income Statement Sales Cost of Goods Sold Depreciation EBIT 50,000 Interest T es NI Div. Balance Sheet Cash Accounts receivable Inventory -Current Assets 300,000 Equipment Accumulated Deprectiation --Net Equipment Total Assets Line of credit Common Stock Reta ined Eamings 4,000,000 new RE 500,000+ Net Income-Dividends -Total Stockholders Equity TotalFinancing

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