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please answer the following: The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant, the tax rate and the dividend

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The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales SCOTT, INC 2019 Income Statement Sales Costs $772,000 628,000 33,500 Other expenses Earnings before interest and $ 110500 taxes Interest expense 17,600 Taxable income Taxes (24%) $ 92,900 22,296 Net income $ 70,604 Dividends Addition to retained $19,940 50,664 earnings SCOTT, INC. Balance Sheet as of December 31, 2019 Liabilities and Owners' Equity Assets Current assets Cash Current liabilities 65,000 20,300 $ 26,140 Accounts payable 35,650 otes payable Accounts receivable $ 85,300 72,230 Total Inventory $ 134,020 Long-term debt $120,000 Total Owners' equity Common stock and paid-in s 115,000 Fixed assets surplus Net plant and equipment $229,000 Retained earnings 42,720 157.720 Total 3 20 Total liabilities and owners$363,020 $363,020 Total liabilities Total assets Complete the pro forma income statements below. (Input all answers as positive values. Do not round intermediate calculations.) Pro Forma Income Statement 25% Sales Growth | 30% Sales Growth 20% Sales Growth Sales Costs Other expenses EBIT Interest expense Taxable income Taxes Net income Dividends Add to RE Calculate the EFN for 20, 25 and 30 percent growth rates. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) 20% 25% 30% EFN

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