Income Statement as of 31/12/2019 2019 Sales 5000 COGS 4615 Depreciation 200 Total Operating Expenses 4815 EBIT 185 Interest 96 EBT 89 Taxes (40%) 36 Net Profit 53 Preferred Shares Dividends 2 Net Distributable Profits 51 Ordinary Shares Dividends 9 Retained Earnings 42 Financial Position as of 31/12/2019 2019 Cash 20 Debtors 380 Inventory 629 Total Current Assets 1029 Net Fixed Assets 971 Total Assets 2000 Creditors 60 Short Term Loans 110 Accrual Expenses 140 Total Current Liabilities 310 Long Term Bonds 754 Total Liabilities/Debts 1064 Preferred Shares 40 Ordinary Shares 130 Retained Earnings 616 Reserves 150 Total Monetary Equity 936 Total equity & Liabilities 2000 1 You are required to do a financial forecasting using the percentage of sales method and the forecasted financial position method while taking into consideration that the firm is planning to increase its current sales by 20.11%. You have to prove your answer, using the Economic value added (EVA). Income Statement as of 31/12/2019 2019 Sales 5000 COGS 4615 Depreciation 200 Total Operating Expenses 4815 EBIT 185 Interest 96 EBT 89 Taxes (40%) 36 Net Profit 53 Preferred Shares Dividends 2 Net Distributable Profits 51 Ordinary Shares Dividends 9 Retained Earnings 42 Financial Position as of 31/12/2019 2019 Cash 20 Debtors 380 Inventory 629 Total Current Assets 1029 Net Fixed Assets 971 Total Assets 2000 Creditors 60 Short Term Loans 110 Accrual Expenses 140 Total Current Liabilities 310 Long Term Bonds 754 Total Liabilities/Debts 1064 Preferred Shares 40 Ordinary Shares 130 Retained Earnings 616 Reserves 150 Total Monetary Equity 936 Total equity & Liabilities 2000 1 You are required to do a financial forecasting using the percentage of sales method and the forecasted financial position method while taking into consideration that the firm is planning to increase its current sales by 20.11%. You have to prove your answer, using the Economic value added (EVA)