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The most recent finandal statements for Scotlapoea-Selow. Sa es for 2020 are brojected to grow O 2 Percent interest expense will remain constant the tax

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The most recent finandal statements for Scotlapoea-Selow. Sa es for 2020 are brojected to grow O 2 Percent interest expense will remain constant the tax rate and the dividend payout fatelas main contant Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneousy with sales SCOTTING 2019 Income Statement Sales costs Other expenses S758.000 614.000 26.500 Earnings before interest and taxes Interest expense $ 117,500 12 000 Texable income Taxes (259) $105.500 26,375 Net income $79.125 $29.740 Dividends Addition to retained earnings 49,385 SCOTT INC Balance Sheet as of December 31, 2019 Assets Listies and Owners Equity current assets Current laplities Cash $ 24,740 Accounts payable $ 59,400 Accounts recevable 34 310 Notes payable 16.100 70.970 Total $ 75.500 Inventory $105.000 $ 129,820 Long-term debt Tota $ 105,000 Owners equity Common stock and pain surplus Retained eam nos Foxed assets 58.320 5215,000 Net plant and equipment $ 1633.20 TO Total oblities and owner $344 820 $344.820 Totes e culty What the EN the wishes to keep its debt equity ratio constant (Do not round Intermediate calculations and round your answer to the nearest whole dolor amount CO3) EEN

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