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Parts A,B, and C PLEASE HELP Forecasted Statements and Ratios them set up their new computer5. Upton's balance sheet as of December 31, 2018, is
Parts A,B, and C PLEASE HELP
Forecasted Statements and Ratios them set up their new computer5. Upton's balance sheet as of December 31, 2018, is shown here (nvitions of dollars); constant ln 2019. Do not round intermediate calculations. mitions. For enamble, an answer of $10,550,000 should be entered as 10.35, Round your answer to two decimal places. 5 (3) miliee Round your answer to two dedimal places- (23) year and is refiected (because the debt is added at the end of the wearif were will be no additional intecest expense due to the ner debt). Use the forecasted financial statement method to forecast Upton's balance sheet for December 31,2019 . Assurne that all adostional external capital is raised as a line of credit at the end of the vear and is reffected (because the debt is added at the end of the year, there will be no additional interest eqense due to the new debt). Assume Upton's profit margin and dividend payout ratio wa be the same in 2019 as they were in 2018. What is the arnount of the line of credit reported on the 2019 forecaited balance sheets? (Hint: You don't need to forecast the income statements because the line of crecit is taken out on last day of the year and you are given the groficted sales, profit margin, and dividend pryout. ratio: these figures allow you to calculate the 2019 addition to retained eamings for the balance sheet without actually constructing a full income statement) Round your answers to two decimal Step by Step Solution
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