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Consider the following statement of comprehensive income forthe Dartmoor Corporation:

  

DARTMOOR CORPORATION Statement of Comprehensive Income
Sales					$	47,000
Cost						31,300
Taxable income					$	15,700
Taxes (34%)						5,338
Net income					$	10,362
Dividends	$	2,500
Addition to retainedearnings		7,705

  

The statement of financial position for the DartmoorCorporation follows.

  

DARTMOOR CORPORATION Statement of Financial Position
Assets				Liabilities and Owners’ Equity
Current assets				Current liabilities
Cash	$	2,950		Accounts payable	$	2,400
Accounts receivable		4,100		Notes payable		5,400
Inventory		6,400		Total	$	7,800
Total	$	13,450		Long-term debt	$	28,000
				Owners’ equity
Fixed assets				Common stock and paid-in surplus	$	15,000
Net plant and equipment	$	41,300		Retained earnings		3,950
				Total	$	18,950
Total assets	$	54,750		Total liabilities and owners’ equity	$	54,750

   

Prepare a pro forma statement of financial position, assuming a15 percent increase in sales, no new external debt or equityfinancing, and a constant payout ratio. (Do not roundintermediate calculations. Round the final answers to 2 decimalplaces.)

DARTMOOR CORPORATION Pro Forma Statement of Financial Position
Assets				Liabilities and Owners’ Equity
Current assets				Current liabilities
Cash		$		Accounts payable		$
Accounts receivable				Notes payable
Inventory				Total		$
Total		$		Long-term debt		$
				Owners’ equity
Fixed assets				Common stock and paid-in surplus
Net plant and equipment				Retained earnings
				Total		$
Total assets		$		Total liabilities and owners’ equity		$

Calculate the EFN. (Do not round intermediatecalculations. Negative answer should be indicated by a minussign. Round the final answer to 2 decimalplaces.)

EFN

$