****PLEASE NOTE THAT ALL THE NUMBERS ON THE LEFT HAND SIDE WERE CUT OFF BUT THEY ARE ZEROS!!!!!!!!!!!!!!!!!

******HAVE TO USE/SEE FORMULAS SO I CAN ENTER IT AND UNDERSTAND ON MY END

THANKS :)

Arial H Conditional Format as Cell Cells Editing Formatting" Table" Styles Paste AAlignment Number Clipboard r Font Styles The most recent financial statements for Fleury, Inc., follow. Sales for 2012 are K L MN The most recent financial statements for Fleury, Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain 4 constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued, what external financing needed to support the 20 p nt growth rate in sales? 7 Sales 743,000 Assets Liabilities and owners' equit Costs 9 Other expenses 10 EBIT 11 Interest expense 12 Taxable income 13 Taxes 14 Net income 15 16 Dividends 17 Add. to retained earnings 18 Current liabilities 578,000 Current assets 149,800 138,600 15,200 11,200 48,510 Fixed assets Cash Accounts receivable Inventory $ 20,240 32,560 69,520 Accounts payable S 54,40 Notes payable 13,60 S 68,00 S 126,00 Total Total S 122,320 Long-term debt Owners' equity Net plant and equipment $ 330,400 27,027 63,063 Common stock and paid-in surplus Retained earnings S 112,00 146,720 Total 58 Total liabilities and owners' equity S 452,72 20 Sales increase 21 Tax rate 20.00% 35% Total assets 72