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Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December 31, 2021 (Thousands of Dollars) Stevens grew rapidly in 2021 and

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Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December 31, 2021 (Thousands of Dollars) Stevens grew rapidly in 2021 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by 10% in the next year but w with a line of credit, not notes payable or long-term bonds. Use the forecasted financial statement method to forecast a balance sheet and income statement for December 31,202 The interest rate on all debt is 5%, and cash eams no interest income. The line of credit is added at the end of the year, which means that vou shouid base the forecasted interest: expense on the batance of debt at the beginning of the year, Use the forecasted income statement to determine the addetion to retained earnings. Assume that the company was operating at fall capscity in 2021, that it cannot sell off any of its fixed assets, and that assets, spontaneous liabilites, and operating costs are expected to increase by the same percentage as soles: a. What is the projected value for earnings before interest and taxes? Do not round intermediate calculations. Round your answer to the nearest dollar. 5 b. What is the projected value for pre-tax earnings? Do nok round intermediate calculations. Round your answer to the nearest dollar. 5 C. What is the projected net income? Do not round intermediate calculations. Round your answer to the nearest, dollar. s 1. What is the projected addeion to retained eaming? Do not round intermediate calculations. Round your answer to the nearest dollac: s. 6. What is the projected vilue of total current assets? Do not round intermediste calculations, Round your answer to the nearest dollar. 1 1. What is the peojected value of total assets? Do not round intermedlate calculations. Found your answer to the nearest dollar: 4 9. Whit is the projected ium of accounds pavabie, accrubls, and notes pavable? Do net round intermediate calculations. flound your answer to the nearest dollar 1 s

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