Question
Use the attached image to answer questions 1-4. Given the following information regarding R&E Company and assuming the debt for shown for 2015 is outstanding
Use the attached image to answer questions 1-4.
Given the following information regarding R&E Company and assuming the debt for shown for 2015 is outstanding for the entire year 2015. Round your answers to the nearest whole number. Year Net sales Growth rate in net sales Cost at goods sold/net sales Gen., sell., and admin. expenses/net sales Long-term debt Current portion long-term debt Interest rate Tax rate Dividend/earnings after tax Current assets/net sales Net fixed assets (Current liabilities except current portion of long term debt)/net sales Owners equity Actual Forecast 2014 2015 $22,000 $760 $100 $1,730 20.0% 86.0% 12.0% $660 $100 7.0% 45.0% 25.0% 29.0% $280 14.0%
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