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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
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. Sales Conta Nuenca Holidays Inc. 2017 Statement of Comprehensive Income Other expenses Earnings before interest and taxes $750,000 585,000 21,000 $144,000 Interest paid Taxable income (30%) 17,000 $127,000 38,100 Net income $ 88,900 Dividends $20,320 Addition to retained earnings 68,580 Current assets Assets Cash Accounts receivable Inventory Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity $ 26,000 41,400 Current liabilities Accounts payable Notes payable 87,600 Total $155,000 Long-term debt $ 68,700 17.700 $86,400 $133,000 Owners' equity Common stock and paid-in surplus Retained earnings $119,000 117,000 Total $236,000 $455,400 Total liabilities and owners' equity $455,400 Total Fixed assets Net plant and equipment $300,400 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 Coats Other expenses EDIT $ Interest Taxable income $ 50 (30%) Net income $ Dividends Add. to RE Complete the pro forma statement of financial position below. Nuesca Holidays Inc. Pro Forma Statement of Financial Position Current assets Cash Accounts receivable Annota Inventory Total Fixed assets Net plant and equipment Total assets Calculate the EFN for 25% arowth rates. 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 Total liabilities and owners' equity $ $ $ S S $ $
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