The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to...

3.6 Ratings (566 Votes)

	Last Year	Basis for projections	Next Year
Sales	552738.00	+19.00%	657758.22
Costs	500801.00	90.60% of sales	595953.19
Other expenses	10363.00	1.87% of sales	12331.97
EBIT	41574.00		49473.06
Interest	10852.00		10852.00
EBIT	30722.00		38621.06
Taxes (30%)	9216.60		11586.32
Net Income	21505.40		27034.74
Dividend	6869.00	31.94% of NI	8634.90
Addition to retained earnings	14636.40		18399.85
BALANCE SHEET:
Cash	21829.00	3.94% of sales	25976.51
Acounts Receivable	31641.00	5.72% of sales	37652.79
Inventory	74625.00	13.50% of sales	88803.75
Total current assets	128095.00		152433.05
Net PP&E	412140.00	74.56% of sales	490446.60
Total assets	540235.00		642879.65
Accounts payable	57564.00	6.00% of sales	68501.16
Notes payable	15616.00		15616.00
Total current liabilities	73180.00		84117.16
Long term debt	109420.00		109420.00
Common stock	149257.00		149257.00
Retained earnings	208378.00	+18399.85	226777.85
Total liabilities and Equity	540235.00		569572.01
		EFN Needed	73307.64

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