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w Jalance sheet and income statement for 20X0 are given below. The firm expects sales to grow by 40% in 20X1. Assume the company is operating at full capacity. The accumulated depreciation will increase if fixed assets increases (same proportion). The company plans to finance any additional funds needed using 10% NP, 30% long-term debt and 60% common stock Assume interest expenses are 11% of the total debt (notes payable + long-term debt) at the beginning of the year (NP - Long-term Debt). What is RNF for 20x1? Make sure to show the forecasted income statement and balance sheet using 1" and 2nd passes. Round all numbers to 2 decimal points. 20x0 20X1 1st pass 2 0X1 2nd pass S1,000.0 Sales Operating costs EBIT Sono S200.0 Interest Taxes (40%) Net Income Dividends (60%) Addn. to retained earnings S16.0 $184.0 $73.6 S110.4 S66.2 $44.16 S30 Cash Accounts receivable Inventories Total Current Assets Gross Fixed Assets Accumulated Depreciation Net fixed assets S150 $200 S380 $700 580 S620 $1.000 Tot assets S150 $100 S100 A/P and accruals Notes payable Long-term Debt Common Stock Retain Earnings Total Liab. & Equity S150 S500 S1,000 w Jalance sheet and income statement for 20X0 are given below. The firm expects sales to grow by 40% in 20X1. Assume the company is operating at full capacity. The accumulated depreciation will increase if fixed assets increases (same proportion). The company plans to finance any additional funds needed using 10% NP, 30% long-term debt and 60% common stock Assume interest expenses are 11% of the total debt (notes payable + long-term debt) at the beginning of the year (NP - Long-term Debt). What is RNF for 20x1? Make sure to show the forecasted income statement and balance sheet using 1" and 2nd passes. Round all numbers to 2 decimal points. 20x0 20X1 1st pass 2 0X1 2nd pass S1,000.0 Sales Operating costs EBIT Sono S200.0 Interest Taxes (40%) Net Income Dividends (60%) Addn. to retained earnings S16.0 $184.0 $73.6 S110.4 S66.2 $44.16 S30 Cash Accounts receivable Inventories Total Current Assets Gross Fixed Assets Accumulated Depreciation Net fixed assets S150 $200 S380 $700 580 S620 $1.000 Tot assets S150 $100 S100 A/P and accruals Notes payable Long-term Debt Common Stock Retain Earnings Total Liab. & Equity S150 S500 S1,000

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