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In: Accounting

Projected growth rate 20% Tax rate 21% Operating capacity 93% Sales $198,000,000 Cost of goods sold...

Projected growth rate 20% Tax rate 21% Operating capacity 93% Sales $198,000,000 Cost of goods sold 128,600,000 Other expenses 31,500,000 Depreciation 10,500,000 EBIT $27,400,000 Interest 4,350,000 EBT $23,050,000 Taxes (21%) 4,840,500 Net income $18,209,500 Dividends $9,500,000 Additions to retained earnings 8,709,500 Assets Liabilities & Equity Current assets Current liabilities Cash $1,358,000 Accounts payable $2,400,000 Accounts receivable 4,180,000 Notes payable 5,830,000 Inventory 8,753,000 Total $8,230,000 Total $14,291,000 Long-term debt $67,500,000 Owners' equity Fixed assets Common stock and paid-in surplus $8,000,000 Net plant and equipment $125,580,000 Accumulated retained earnings 56,141,000 Total $64,141,000 Total assets $139,871,000 Total liabilities and owners' equity $139,871,000

Prepare the pro forma financial statements and calculate the EFN.

Solutions

Expert Solution

EFN External financing needed the amount required for the company. It calculated based on the following formula

I have done my best as to EFN , Please check the calculations.

ekkarill92 answered 6 months ago
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