Inco 2020 Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets 446 Rev 2018 63 431 52 546 2019 413 584 113 1,110 1,271 1.S0S Property, Plant and Equipment Less Accumulated Depreciation Net PPE 2,025 535 1.505 1,490 1.247 Total Assets 2,051 2.600 2,518 Liabilities & Shareholder Equity Accounts Payable Total Current Liabilities 486 486 284 284 355 355 Long-Term Debt (10%) Total Liabilities 150 801 1,085 636 Common Stock Retained Earnings Total Equity Total Liabilities and Equity 820 595 820 820 695 1,515 2,600 2,051 1,882 2,518 Question 23 Income Statement 2020 2019 6,258 2018 4,680 2,902 796 982 4,316 1.193 Revenue Cost of Goods Sold SG&A Expenses Operating Income Depreciation FBIT Interest Expense 954 988 535 453 405 830 982 750 959 365 594 Tax Expense Net Income 86 524 Assumptions Made for Percent of Sales Pro-forma Revenue will increase 25% Depreciation is 5-year straight line Interest is charged against loan blance at beginning of the year The Marginal Tax rate ist the same as in 2019 COGS ad SGA remain at same pacent of sales 70% of net income is retained for future growth No new stock will be issued in 2020 Accounts Payable and Accounts Receivable is a fixed percent of sales Cash and PPE grow at the Asset Growth Rate of 8% Inventory is a fixed percentage of Net PPE Long-Term Debt will be the plug value Question 23 What is the revenue forecast for 2020? Question 24 What will be the cost of revenue in 2020? Question 25 Question 25 What will be the interest expense in 2020? Question 26 How much will you spend in taxes in 2020? Question 27 What will be the ending balance for accounts receivable in 2020? I Question 28 How much will be in inventory at the end of 2020? Question 29 the balance on gross property, plant and equipment Question 29 What will be the balance on gross property, plant and equipment at the end Question 30 How much will you have accumulated in depreciation at the end of 2020? Question 31 What will be the balance of Long-Term Debt at the end of 2020 (this is the of 202 Question 31 What will be the balance of Long-Term Debt at the end of 2020 (this IT Question 32 What will be the balance in retained earnings at the end of 2020