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  3. o use the following balance sheet and income state

o Use the following balance sheet and income statement to answer the questions below: Mick's...

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Accounting

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o Use the following balance sheet and income statement to answer the questions below: Mick's Place Liabilitios & Owners 20042005 Current Assets 815 90 Accounts Payable 983 1292 2405 2510 46084906 7828 8322 720 840 105188 1808 2320 4817 4960 Notes Payable Other Total CA Fixed Assets Net PPE Total Assets Total CL Long-term Debt Owner's Equity 15164 19167 22992 27489 Common Stock Retained Earnings 10000 10000 6367 10209 16367 20209 Total Liabilities & OE 22992 27489 Total OE Income Statement Sales Cost of Good Sold Depreciation EBIT 2005 18970 12550 EBT 4222 7842 A. Suppose Mick's is projecting a 20% increase in sales for the coming year, and that cost of goods sold and general/administrative expenses remain a constant pereentage of sales. Also assume that the amount of depreciation and interest paid and the firm's tax rate (35%) remain unchanged. Create the Pro Forma Income Statement for 2005 Assume the tirm's dividend payout is 50%. What will the firm pay out in dividends

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