Volkswagen is considering expansion of its manufacturing facility in Chattanooga Tennessee (USA). The current Balance Sheet and Income Statement for Volkswagen is provided. For each statement, identify which components will be impacted and qualitatively how once the project is complete. You do not need to provide new numbers. You should assume that the expansion will be profitable, the earnings will be retained by the company, and will be financed through additional debt.

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Assets: Current assets: Inventory 5 40 Other current assets 5 60 Total current assets $100 Long term assets: Equipment 5200 less Accumulated depreciation 5 50 Net eouipme nt assets $150 Other long-term assets $300 Total long-term assets $450 Total Assets $550 Liabilities and Equity: Current liabilities: Accrued Liabilities S 25 Othercurrent liabilities S 30 Total current liabilities 5 55 Debt 5145 Stockholders equity $350 Total liabilities and equity 5550 Income statement {in millions] Sales 5800 Cost of goods sold 5400 Gross profit 5400 Operating expenses 5250 Operating prot 5150 Interest expense 5 50 Pretax profit 5100 Taxes 5 30 Net income 5 70 ZOOM +