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Laiho Industries December 31 Balance Sheets tin than...nonde of dallarel a. Sales for 2023 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depr. and

image text in transcribedimage text in transcribedimage text in transcribed Laiho Industries December 31 Balance Sheets tin than...nonde of dallarel a. Sales for 2023 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depr. and amortization amounted to 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income in dividends. Given this information, construct Laiho's 2023 income statement. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below. a. Sales for 2023 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depr. and amortization amounted to 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income in dividends. Given this information, construct Laiho's 2023 income statement. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below. KEY INPUT DATA: Laiho Industries Sales EBITDA as \% of sales Depr, as a % of fixed assets Tax rate Interest expense Dividend payout ratio Laiho Industries Income Statement (in thousands of dollars) 2023 Sales Op Costs excl. depr 8 amort. EBITDA Depreciation and amortization EBIT Interest expense EBT Taxes (40%) Net Income Common dividends Addition to retained earnings b. Construct the statement of stockholders' equity for the year ending December 31, 2023, and the 2023 statement of cash flows. b. Construct the statement of stockholders' equity for the year ending December 31,2023

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