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Please do not simply copy someone else's answer, thank you a) Company would like to grow its sales by 25% from 2016 to 2017, Given

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Please do not simply copy someone else's answer, thank you

a) Company would like to grow its sales by 25% from 2016 to 2017, Given the following conditions, produce Znap's proforma statements for 2017: 1. 2. Sales and Costs(COGS&Adm&Dep) grow at 25%. Interest for 2017 is 10% of 2017 Long Term Debt. (You can check to see that Interest was 10% of Long Term Debt for 2016 as well.) 3. Tax rate is 20%. 4. Company would like to preserve its dividend policy as in 2016. 5. Company would like to purchase back $50 worth of its own stock in 2017 6. All accounts on the Assets side grow at the same rate as sales. 7. Accounts Payable grows at the same rate as sales. 8. Company's short term debt (Notes Payable) stays constant and no new stock will be issued in 2017. 9. Company meets its extemal financing need by borrowing long term

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