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Vinny's Pizza has just come out with a new pizza that Joe is sure will cause sales to double between 2018 and 2019. Using the

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Vinny's Pizza has just come out with a new pizza that Joe is sure will cause sales to double between 2018 and 2019. Using the following worksheet, complete Vinny's pro forma financial forecast and answer the related questions. You may assume that COGS, current assets, and current liabilities will maintain the same percentage of sales as in 2018. Furthermore, you may assume that no new fixed assets will be needed in 2019, and the current dividend policy will be continued in 2019. Vinny's Pizza, Inc. Financial Status and Forecast Estimate for 2019 Sales COGS Gross Profit Fixed Expenses Before-Tax Profit Tax @ 33.33% Net Profit Dividends Current Assets Net Fixed Assets Total Assets 2018 $ 10,000 4,000 6.000 3,000 3,000 1,000 $ 2,000 0 $ 25,000 15,000 $ 40,000 Current Liabilities Long-Term Debt Common Stock Retained Earnings Total Liabilities and Equity $ 17,000 3,000 7,000 13,000 $ 40,000 Will Joe be able to get by without any additional funds needed in 2019? If not, how much will he need

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