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The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 20%. 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 20%. 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 (lex) Net income Dividends $32,400 Addition to retained earnings 48,600 $762,000 597,000 18,000 $147,000 12,000 $135,000 54,000 $ 81,000 Assets current assets Cash Accounts receivable Inventory Total Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 27,200 Accounts payable 42,600 Notes payable 88,800 Total $158,600 Long-term debt Owners' equity Common stock and paid in surplus $230,000 Retained earnings Total $388,600 Total liabilities and owners' equity $ 69,900 18,900 $ 88,888 $121,000 Fixed assets Het plant and equipment $131,000 47,800 5178,880 $388,600 Total assets Total assets $388,600 Total liabilities and owners' equity $388,600 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 20 % Sales Growth Sales costs other expenses EBIT $ Interest Taxable income $ Taxes (402) 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 quity current liabilities Accounts payable Notes payable $ Total $ Long-term debt Owners' equity Comon stock and paid in surplus Retained earnings Total Total liabilities and owners equity 5 $ Fixed assets Net plant and equipment $ $ $ $ Total assets Calculate the EFN for 20% growth rates 20% $ EFN

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