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Stevens Textile Corporation's 2018 financial statements are shown below: Balance Sheet as of December 31, 2018 (Thousands of Dollars) Income Statement for January 1 -

image text in transcribed Stevens Textile Corporation's 2018 financial statements are shown below: Balance Sheet as of December 31, 2018 (Thousands of Dollars) Income Statement for January 1 - December 31, 2018 (Thousands of Dollars) Total assets: \$ AFN: \$ b. What is the resulting total forecasted amount of the line of credit? Do not round intermediate calculations. Round your answer to the nearest dollar. \$ now suppose that the new debt is added throughout the year. Don't do any calculations, but how would this change the answers to parts a and b? If debt is added throughout the year rather than only at the end of the year, interest expense will be addition to retained earnings to be , and the AFN to be . Thus, you would have to than in the projections of part a. This would cause net income to be new debt. , the

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