The most recent financial statements for Vegas Holdings Inc are as 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. Vegas Holdings Inc 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $28,140 Addition to retained earnings 65,660 $759,000 594,000 15,000 $150,000 16,000 $134,000 40,200 $ 93,800 Assets Current assets Cash Accounts receivable Inventory Total Vegas Holdings Inc Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,900 Accounts payable 42,300 Notes payable 88,500 Total $157,700 Long-term debt Owners' equity Common stock and paid-in surplus $363,000 Retained earnings Total $520, 700 Total liabilities and owners' equity $ 69,600 18,600 $ 88,200 $142,000 Fixed assets Net plant and equipment $128,000 162,500 $290,500 $520, 700 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit S sign in your response.) Vegas Holdings Inc Pro Forma Statement of Comprehensive Income 20 % 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 $ s Current assets Cash Accounts receivable Inventory Total Vegas Holdings 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 $ 3 $ Fixed assets $ Net plant and equipment Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total Vegas Holdings 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 3 $ $ $ Fixed assets Net plant and equipment $ $ $ Total assets $ Total liabilities and owners' equity $ Calculate the EFN for 20% growth rates. 20% $ EFN Prev 1 of 30 Next >