The most recent financial statements for Vegas Holdings inc are as follow Sales for 2018 are expense will remain constant, the tax rate and the dividend payout rate will also remain con- assets, and accounts payable increase spontaneously with sales. The firm is operating at fu issued Veja Holding the 2017 Statement of Comprehensive Income Sales Costs $747,899 582,000 Other expenses 18,000 Earnings before interest and taxes $147,000 Interest paid 15,000 Taxable income $132,000 Taxes (30%) 39,689 Net income $ 92,400 Dividends $18,480 Addition to retained earnings 73,920 Assets Vegas Holdings Inc Statement of Financial Position as of Decembe Liabi Current liabilities rrent assets Current assets Cash Accounts receivable Inventory Total 25,700 41,1 87.300 $154,100 17,400 Fixed assets Net plant and equipment 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 $410,000 $144,000 Total assets $564,100 3243,00 mplete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit 5 sign Conse.) Vegas Holdings Inc Pro Forma Statement of Comprehensive Income 20 % Sales Growth es 5 Prey. 1 of 30 Nex e $ Sales Costs Other expenses EBIT Interest Taxable income Taxes (30%) Net income Dividends Add. to RE omplete the pro forma statement of financial position below. Assets A. urrent assets Cash Accounts receivable Enventory Total Vegas Holdings Inc Pro Forma Statement of Financial Position Liabiliti Current liabilities Accounts payable $ Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid- Complete the pro forma statement of financial position below. Current assets Cash Accounts receivable Inventory Total $ $ $ 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 20% growth rates. 20% $ EFN 1 of 30 Prey Next > e The most recent financial statements for Vegas Holdings inc are as follow Sales for 2018 are expense will remain constant, the tax rate and the dividend payout rate will also remain con- assets, and accounts payable increase spontaneously with sales. The firm is operating at fu issued Veja Holding the 2017 Statement of Comprehensive Income Sales Costs $747,899 582,000 Other expenses 18,000 Earnings before interest and taxes $147,000 Interest paid 15,000 Taxable income $132,000 Taxes (30%) 39,689 Net income $ 92,400 Dividends $18,480 Addition to retained earnings 73,920 Assets Vegas Holdings Inc Statement of Financial Position as of Decembe Liabi Current liabilities rrent assets Current assets Cash Accounts receivable Inventory Total 25,700 41,1 87.300 $154,100 17,400 Fixed assets Net plant and equipment 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 $410,000 $144,000 Total assets $564,100 3243,00 mplete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit 5 sign Conse.) Vegas Holdings Inc Pro Forma Statement of Comprehensive Income 20 % Sales Growth es 5 Prey. 1 of 30 Nex e $ Sales Costs Other expenses EBIT Interest Taxable income Taxes (30%) Net income Dividends Add. to RE omplete the pro forma statement of financial position below. Assets A. urrent assets Cash Accounts receivable Enventory Total Vegas Holdings Inc Pro Forma Statement of Financial Position Liabiliti Current liabilities Accounts payable $ Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid- Complete the pro forma statement of financial position below. Current assets Cash Accounts receivable Inventory Total $ $ $ 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 20% growth rates. 20% $ EFN 1 of 30 Prey Next > e
