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The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant: the

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The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant: the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $ 27, 300 Addition to retained earnings 63,700 $752,000 587,000 23,000 $142,000 12,000 $130,000 39,000 $ 91,aee Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,200 Accounts payable 41,600 Notes payable 87,800 Total $155,600 Long term debt Owners' equity Common stock and paid in surplus $340,000 Retained earnings Total $495,600 Total liabilities and owners' equity $ 68,900 17,900 $ 86,888 $135,000 Fixed assets Net plant and equipment $121,098 152,800 $273,800 $495,600 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 25 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income $ Taxes (30%) Net income $ Dividends $ Add. to RE Complete the pro forma statement of financial position below. Assets $ Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ Accounts payable $ Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $ $ 5 Fixed assets Net plant and equipment $ S Total assets $ Total liabilities and owners' equity $ Calculate the EFN for 25% growth rates. 25% $ EEN

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