The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales $752,000 Costs 587,000 Other expenses 23,000 Earnings before interest and taxes $142,000 Interest expense 19,000 Taxable income $123,000 Taxes (24%) 29,520 Net income $93,480 Dividends $28,044 Addition to retained earnings 65,436 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,140 Accounts payable $ 55,300 Accounts receivable 44,080 Notes payable 14,500 Inventory 96,960 Total $ 69,800 Total $ 162,180 Long-term debt $ 135,000 Fixed assets Owners equity Net plant and equipment $ 428,000 Common stock and paid-in surplus $ 117,000 Retained earnings 268,380 Total $ 385,380 Total assets $ 590,180 Total liabilities and owners equity $ 590,180 In 2019, the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) What is the EFN? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. A negative answer should be indicated by a minus sign.)

In 2019 , the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) What is the EFN? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. A negative answer should be indicated by a minus sign.) In 2019 , the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets and accounts payable increase spontaneously with sales