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(REDO FINANCIAL PROJECTIONS!) [Multi-year Financial Statement Projection] The Minoso Corporation anticipates a 20 percent increase in sales for 2017, 2018, and 2019. Minoso is currently

(REDO FINANCIAL PROJECTIONS!) [Multi-year Financial Statement Projection] The Minoso Corporation anticipates a 20 percent increase in sales for 2017, 2018, and 2019. Minoso is currently operating at full capacity and thus expects to increase its investment in both current and fixed assets in order to support the increase in forecasted sales. The Minoso Corporations 2016 income and balance sheet statements are given in problem 4.(seen below)

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There's exsiting question, but I believe its answer is not 100% right about equity and liability on a balance sheet because my AFN of $1148 does not match the balance. Please redo this for me.

B. Extend your 2017 spreadsheet-based financial statement projections for two additional years (2018 and 2019). What is the total amount of AFN needed over the three-year period?

For example, please make financial projections for income statement, balancesheet, and statement of cashflow for 2017, 2018 and 2019. The format should look like this.

image text in transcribed

MINOSO CORPORATION INCOME STATEMENT FOR DECEMBER 31, 2016 THOUSANDS OF DOLLARS) Sales Operating expenses EBIT Interest EBT Taxes (40%) Net income Cash dividends (40%) Added retained earnings $15,000 -13,000 2,000 400 1,600 640 960 384 $ 576 BALANCE SHEET AS OF DECEMBER 31, 2016 THOUSANDS OF DOLLARS) Cash Accounts receivable Inventories 1,000 2,000 2,200 5,200 $1,600 1,800 1,200 4,600 2,200 2,400 2,800 Total liabilities & equity$12,000 Accounts payable Bank Loan Accrued liabilities Total current assets Total current liabilities Long-term debt Common stock Retained earnings Fixed assets, net Total assets 6,800 $12,000

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