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Selected Financial Statements for Wabash Co.: Income Statement 2019 Sales 6,000.00 Costs 1,300.00 EBIT 4,700.00 Taxes 987.00 Net Income 3,713.00 Dividends are $2,413.45 in 2019
Selected Financial Statements for Wabash Co.: Income Statement 2019 Sales 6,000.00 Costs 1,300.00 EBIT 4,700.00 Taxes 987.00 Net Income 3,713.00 Dividends are $2,413.45 in 2019 and next year sales are expected to grow to $7,200 Cash Inventory A/R Balance Sheet 2019 1,000.00 A/P 2,500.00 Notes Payables 1,500.00 Current Liabilities 5,000.00 Long Term Debt 1,000.00 3,500.00 4,500.00 Current Assets 5,000.00 Fixed Assets 16,000.00 C/S & APIC Retained Earnings Equity 21,000.00 Total 5,000.00 6,500.00 11,500.00 21,000.00 Total Assume assets and costs are proportional to sales and dividend payout-ratio is constant over time. Debt and equity are not. The company currently operates at full capacity. What's the pro forma equity value for 2020? What's the proforma current liabilities value for 2020
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