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QUESTION 1 Use Table 1 and the following information on Company x to perform a pro - forma financial modeling using a percentage sales method,

QUESTION 1
"Use Table 1 and the following information on Company x to perform a pro-forma financial modeling using a percentage sales method, and answers the next questions. Note: When applying the percentage sales method, you should assume that the 2023 percentage values with respect to sales of the (i) costs except depreciation, (ii) depreciation, (iii) cash and equivalents, (iv) accounts receivable, (v) inventories, (vi) property, plant and equipment, and (vi) accounts payable will remain equal to those percentages of 2022. Sales in 2023 are expected to grow at a rate of 10%, with respect to the values of 2022. Assume also that the total values in 2023 of interest expense and debt will not change from its 2022 values; income tax will remain at 3% of the Pretax Income; and that Company x initially plans to payout 35% of its net income to its shareholders. ?******k Insert TABLE 1 here What is the forecasted value of sales for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000."
QUESTION 2
"What is the forecasted value of EBITDA for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000."
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