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 $752,000 Costs 587, e8e Other expenses 23, Earnings before interest and taxes $142,000 Interest paid 12,000 Taxable income $130,000 Taxes (30%) 39,000 Net income $ 91,000 Dividends $27,300 Addition to retained earnings 63,700 Assets Current assets Cash Accounts receivable Inventory Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners Equity Current liabilities $ 26, 2ee Accounts payable 41,600 Notes payable 87,800 Total $ 68,900 17,900 $ 86,800 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 87,888 Total $255,600 Long-term debt Owners' equity Common stock and paid-in surplus $34e, eee Retained earnings Total $495,600 Total liabilities and owners' equity $ 68,900 17,900 $ 86,888 $135, eee Fixed assets Net plant and equipment $121,800 152,800 $273,800 $495,6ee 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 FRIT PUISTILISHI response.) Nuesca Holidays Inc. Pro Forma Statement of comprehensive Income 25 Sales Growth Sales $ Costs Other expenses EBIT Interest Taxable income $ Taxes (305) Net income $ Dividends $ Add. to RE $ Complete the pro forma statement of financial position below Nuesca Holidays Inc. Pro Forma Statement of Financial Position Liabilities and Owners! Equity Current liabilities Assets Current assets 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 Total liabilities and owners' equity $ $ $ $ Fixed assets Net plant and equipment $ $ $ Total assets $ Calculate the EFN for 25% growth rates 25% $ EFN
