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The most recent financlal statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant;
The most recent financlal statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 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. In 2019 , the firm operated at 80 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 Intermedlate calculations and round your answers to the nearest whole number, e.g., 32.) What is the EFN? (Do not round Intermedlate calculatlons and round your answer to the nearest whole number, e.g. 32. A negatlve answer should be Indlcated by a minus sign.)
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