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The whole year Income statement and end of year balance sheet numbers are provided for 2019. As CFO, you are to forecast 2020 numbers (blank

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The whole year Income statement and end of year balance sheet numbers are provided for 2019. As CFO, you are to forecast 2020 numbers (blank column) based on the following assumptions: Income statement ($ million) Balance sheet ($ million) Sales 1,000 Current assets 398 Debt 597 Costs 850 Fixed assets 1,592 Equity 1,393 ? Net income 150 Total assets 1,990 Total 1,990 Sales, assets and costs are expected to grow by 17% in 2020. The company is expected to pay NO dividend in 2020, and will keep the debt level unchanged. Part 1 Attempt 1/1 for 10 pts. In the forecast, which of the following financial ratios are assumed unchanged throughout 2019-2020? Must select ALL to earn points. Check all that apply: accounts receivable turnover profit margin total asset turnover Part 1 Attempt 1/1 for 10 pts. In the forecast, which of the following financial ratios are assumed unchanged throughout 2019-2020? Must select ALL to earn points. Check all that apply: accounts receivable turnover profit margin total asset turnover E debt-equity ratio E gross profit margin EROE Submit

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