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  1. business
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  3. a. assume that universal plans to purchase $400,00

a. Assume that Universal plans to purchase $400,000 in fixed assets during 2022 and to...

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Accounting

a. Assume that Universal plans to purchase $400,000 in fixed assets during 2022 and to dispose of no fixed assets during 2022. Universal Products Company has almost finished its pro forma financial statements for 2022, as shown next.
\table[[Financial Stater,\table[[Universal Product],[ments,2021 and Pro],[INCOME STATE],[Actual],[2021]],\table[[5 Compa],[Forma],[EMENT]],\table[[2822]],($,\table[[thousands],[Forecast],[2022]],,],[Sales,$,4,800,,,,$,5,200],[Cost of goods sold,,3,500,,,,,3,706],[Operating expense,98,500,,,,,500],[Depreciation expense,,250,,,2?,,260],[Interest expense,-,70,1_,,+1,,100],[Earnings before tax,,480,,,,,640],[Tax,_,168,,,,,224],[Net income,?,$312,,,,,$416]]
What would be its forecast for net fixed assets in 2022?
b. Assume that Universal plans to have a dividend payout ratio of 50 percent in 2022 and will neither sell nor repurchase equity
during 2022. What would be its forecast for owner's equity in 2022?
c. Given the assumptions in questions (a) and (b), what is Universal's projected external funding required for 2022?
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