A partial financial plan for Blatt Inc. is shown below. Blatt pays 10% interest on...
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Finance
A partial financial plan for Blatt Inc. is shown below. Blatt pays 10% interest on all of its debt and is subject to a total effective tax rate of 50%
| Income Statement | Balance Sheet | |||
| Next Year | This year | Next year | ||
| EBIT | $300 | Assets | $600 | $900 |
| Interest (10%) | ____ | Current | ||
| EBT | Liabilities | $100 | $200 | |
| Tax (50%) | ____ | Debt | 200 | |
| Net income | Equity | 300 | ____ | |
| Total | $600 | $900 | ||
Complete the forecast developing consistent debt and interest figures for next year.
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