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The most recent statement of financial position and statement of comprehensive income of Lucky Inc. are shown here: Statement of Financial Position Recent Recent ASSETS

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The most recent statement of financial position and statement of comprehensive income of Lucky Inc. are shown here: Statement of Financial Position Recent Recent ASSETS LIABILITIES & OWNERS' EQUITY Current Assets Current Liabilities Cash $1,500 A/P $2,000 2.500 Notes/Pay. Acc./Receiv. 3,000 Inventory 2,000 Total 5,000 Total 6,000 LT Debt 2,000 Fixed Assets Owners' Equity Net PP&E 8,000 Com Shares 2.900 Total Assets 14,000 RE 4,100 Total 7,000 Total L & OE 14,000 Statement of Comp. Income Sales 7,000 Costs 4,000 EBT 3,000 Taxes (40%) 1,200 Net Income 1,800 Dividends 600 Add. To RE 1200 (10 marks) Generate the pro forma statements for the next year based on the assumption that the growth rate is 15%. Calculate the external financing needed. Assume the plan is to keep the retention rate constant, and the A/P, the fixed assets, and the current assets grow at the same rate as the Sales growth rate, which is 15%

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