Use the following information to answer questions 1 - 3 Inhale, Inc. 2018 Income Statement Net sales $ 18,400 Cost of goods...

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Finance

Use the following information to answer questions 1 -3
Inhale, Inc.
2018 Income Statement
  Net sales
$
18,400
  Cost of goods sold
15,200
  Depreciation
700
  Earnings before I and T
$
2,500
  Interest paid
70
  Taxable Income
$
2,430
  Taxes
960
  Net income
$
1,470
     Dividends
$
390
Inhale, Inc.
2018 Balance Sheet
2018
2018
  Cash
$
7,600
  Accounts payable
$
6,840
  Accounts rec.
2,200
  Long-term debt
700
  Inventory
8,200
  Common stock
$
8,400
  Total
$
18,000
  Ret. Earnings
11,660
  Net fixed assets
9,600
  Total assets
$
27,600
  Total liabilities & equity
$
27,600
Inhale, Inc., is currently operating at maximum capacity. Allcosts, assets, and current liabilities vary directly with sales.The tax rate and the dividend payout ratio will remain constant. In2019, no new equity will be raised and sales are projected toincrease by 10 percent. Construct the pro formas for 2019 (at firstleave interest and long term debt unchanged). Then answer thefollowing questions.
Projected total assets = $
Projected 2013 Retained Earnings = $
Additional new debt required = $__

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Use the following information to answer questions 1 -3Inhale, Inc.2018 Income Statement Net sales$18,400 Cost of goods sold15,200 Depreciation700 Earnings before I and T$2,500 Interest paid70 Taxable Income$2,430 Taxes960 Net income$1,470 Dividends$390Inhale, Inc.2018 Balance Sheet20182018 Cash$7,600 Accounts payable$6,840 Accounts rec.2,200 Long-term debt700 Inventory8,200 Common stock$8,400 Total$18,000 Ret. Earnings11,660 Net fixed assets9,600 Total assets$27,600 Total liabilities & equity$27,600Inhale, Inc., is currently operating at maximum capacity. Allcosts, assets, and current liabilities vary directly with sales.The tax rate and the dividend payout ratio will remain constant. In2019, no new equity will be raised and sales are projected toincrease by 10 percent. Construct the pro formas for 2019 (at firstleave interest and long term debt unchanged). Then answer thefollowing questions.Projected total assets = $______Projected 2013 Retained Earnings = $______Additional new debt required = $______

Inhale, Inc. 2018 Income Statement
Net sales	$	18,400
Cost of goods sold		15,200
Depreciation		700
Earnings before I and T	$	2,500
Interest paid		70
Taxable Income	$	2,430
Taxes		960
Net income	$	1,470
Dividends	$	390

Inhale, Inc. 2018 Balance Sheet
	2018			2018
Cash	$	7,600	Accounts payable	$	6,840
Accounts rec.		2,200	Long-term debt		700
Inventory		8,200	Common stock	$	8,400
Total	$	18,000	Ret. Earnings		11,660
Net fixed assets		9,600
Total assets	$	27,600	Total liabilities & equity	$	27,600