What is the EFN if the firm was operating at only 80 percent of capacity in 2011? Assume that fixed assets are sold so that the company has a 100 percent asset utilization. (Negative amount should be indicated by a minus sign.)

Check my work 16 The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 20 percent Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales. 5 points FLEURY, INC 2011 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid $743.000 578.000 15.200 ebook Frint $ 149,800 11.200 Rctercrccs Taxable income Taxos (35%) $ 138,600 48,510 Net income $ 90,090 Dividends Addition to retained earnings $ 27,027 63,063 FLEURY, INC Balance Sheet as of December 31, 2011 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20.240 Accounts payable $ 54,400 Accounts receivable 32,560 Notes payable 13.600 Inventory 69,520 Total $ 68,000 $126.000 Total Fixed assets Net plant and equipment $ 122,320 Long term debt Owners' equity $330,400 Common stock and paid-in surplus Retained earnings $ 112,000 146,720 Total $258,720 Total assets $452.720 Total liabilities and owners' equity $452,720