The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected...

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The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Nuesca Holidays Inc 2017 Statement of comprehensive Thcone Sales $763,000 Costs 598,000 Other expenses 19,000 Earnings before interest and taxes $146,000 Interest paid Taxable income $136.000 Taxes (35%) 47,600 $ 8.400 Dividends $21,760 Addition to retained earnings 65,600 10,000 Net Income Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc Statement of Financial Position as of December 31, 2017 Labelties and Owens uity Current liabilities $ 27,300 Accounts payable 42,700 Notes payable 88,900 Total $158,900 Long-term debt Owners equity Connon stock and paid in surplus $270,000 Retained earnings Total $428,900 Total liabilities and owners equity $70,000 19,000 589,000 5146,000 Fixed assets Net plant and equipment $132,000 61 300 5193,90 $428,900 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit S sign in your response.) Nuesca Holidays Inc Pro Forma Statement of Comprehensive Income 25 X Sales Growth Sales $ 95370 747500 other expenses 23750 EBIT $ 182500 Interest 10000 Taxable income $ 172500 Taxes (35%) 60375 Net income 3 112125 Dividends $ 27600 Add. to RE 84525 $ Complete the pro forma statement of financial position below. Masca Holidays The Pro Forma Statement of Finance Position Assets Liabilities and Owners uity Current assets Current liabilities Cash 5 34125 Accounts payable Accounts receivable 53375 Notes payable Inventory $ 111125 Total Total 3 198625 Long ters debt Owners' equity Fixed assets Con stock and paid in surplus $ Net plant and equipment 337500 Retained in Total 536125 Total set Total 1515tis and owners' equity 87500 19000 506500 16000 3 $ 5 2000 5 146425 $ 278425 $530925 Calculate the EFN for 25% growth rates EEN 5200

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