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ORT ANSWER. Write the word or phrase that best comeletes each statemtrnwes the 28. Complete the following pro forma financial statements for XYZ Corporation. Use
ORT ANSWER. Write the word or phrase that best comeletes each statemtrnwes the 28. Complete the following pro forma financial statements for XYZ Corporation. Use e question. te the word or phrase that best completes each statement or answers the percent-of-sales method and use long-term debt as the plag figure (balancing following: 20% sales growth, current assets and liabilities S200 in 2018, no equity issues or repurchases and a 50% dividend payout ratio. Round figures to the nearest item). Assame the vary with sales, capital expenditures of in 2018, no sale or disposal of fixed assets in 2018, whole dollar. XYZ Corporation Financial Statements Actual 2017 and Pro Forma 2018 Income Statement Balance Sheet 2017 S 300 2018 2017 2018 1,000 Current assets Sales COGS Operating expense Depreciation expense EBIT Interest expense Pre-tax income Tax Net fixed assets 700 100 100 130 800 Total assets Current liabilities Equity equity 100 25 20 Long-term debt 75 25 Total liabilities & 800 400 200 200 Net income $ 50
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