This Year's Actual Results Next Year's Inltlal Forecast Net sales Cost of goods sold Gross profit Fixed operating costs except depreciation Depreciation Earnings before Interest and taxes Interest Earnings before taxes $16,000,000 12,800,000 $3,200,000 800,000 320,000 $2,080,000 320,000 $1,760,000 704,000 $1,056,000 $17,280,000 13,824,000 $3,456,000 800,000 345,600 $2,246,400 320,000 $1,926,400 770,560 1,155,840 570,240 $585,600 $0.23 Taxes 570,240 $485,760 Net Income Common dividends Addition to retained earnings Earnings per share Dividends per share Number of common shares (millions) $0.21 $0.11 $0.11 5.00 5.00 Which of the following are assumptions made by the initial income statement forecast? Check all that apply. No excess capacity currently exists. The cost of sales percentage for Green Moose Restaurant Supply will decrease due to economies of scale. The forecasted increase in net sales is 8.00%. Green Moose Restaurant Supply will be issuing additional shares of common stock in the coming year. Spontaneously generated funds will sufficiently cover any financing needs. Which of the following are assumptions made by the initial income statement forecast? Check all that apply. No excess capacity currently exists. n The cost of sales percentage for Green Moose Restaurant Supply will decrease due to economies of scale. The forecasted Increase in net sales is 8.00%. Green Moose Restaurant Supply will be issuing additional shares of common stock in the coming year. Spontaneously generated funds will sufficiently cover any financing needs. Suppose Green Moose had neither sufficient excess capacity to handle any forecasted increases in operations nor sufficient retained earnings to increase the level of company asset up to the amount necessary for production. This deficiency is called These funds could be acquired in which of the following forms? Check all that apply. Repayment of notes payable Issuing long-term bonds Borrowing from a bank using notes payable Issuing additional common stock