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please help me in this question The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%.
please help me in this question
The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends $21,760 Addition to retained earnings 66,640 $763,000 598,000 119,000 $146,000. 10,000 $136,000 47,600 $ 88,400 Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners Equity Current liabilities $ 27,300 Accounts payable 42,700 Notes payable 88,900 Total $ 158,900 Long-term debt Owners' equity Common stock and paid-in surplus $ 270,000 Retained earnings Total $ 428,900 Total liabilities and owners equity $ 70,000 19,000 $ 89,000 $146,000 Fixed assets Net plant and equipment $132,000 61,900 $ 193,900 $428,900 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 25 % Sales Growth Sales $ $ 953750 Costs 747500 Other expenses 23750 EBIT $ 182500 Interest 12500 Taxable income $ 170000 Taxes (35%) $ Net income Dividends $ Add. to RE Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total 64 64 A A A A A A $ Fixed assets Net plant and equipment A A A A Total assets -69 Total liabilities and owners' equity Calculate the EFN for 25% growth rates. 25% s EFNStep by Step Solution
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