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.

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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 3 weeks ago

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