What is the furture forecast 2003-2007 for monmouth inc at 7%. I need to forecast...

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What is the furture forecast 2003-2007 for monmouth inc at 7%. I need to forecast 5 years at 7%, so from 2003-2007 using the balance sheets and other data listed

Exhibit 1 Condensed Operating and Stockholder Information, Robertson Tool Company (millions of dollars except per-share data)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Operations
Sales $ 48.5 $ 49.1 $ 53.7 $ 54.8 $ 55.3
Cost of Goods 32.6 33.1 35.9 37.2 37.9
Selling, General and
Administrative Costs 10.7 11.1 11.5 11.9 12.3
Depreciation Expense 2.0 2.3 2.4 2.3 2.1
Interest Expense .4 .7 .8 .8 .8
Income Before Taxes 2.8 1.9 3.1 2.6 2.2
Taxes 1.1 .8 1.2 1.0 .9
Net Income $1.7 $1.1 $1.9 $1.6 $1.3
Percentage of Sales
Cost of Goods 67% 67% 67% 68% 69%
Sell, Genl, Admin. 22% 23% 21% 22% 22%
Operating Income 6.6% 5.3% 7.3% 6.2% 5.4%
Stockholder Information
Earnings Per Share $ 2.91 $ 1.88 $ 3.25 $ 2.74 $ 2.23
Dividends Per Share 1.60 1.60 1.60 1.60 1.60
Book Value Per Share 49.40 49.68 51.33 52.47 53.10
Market Price 33-46 35-48 29-41 25-33 23-32
Price/Earnings Ratio 11-16 10-26 9-13 9-12 10-14
Shares Outstanding 584,000 584,000 584,000 584,000 584,000

Exhibit 2 Balance Sheet at December 31, 2002, Robertson Tool Company (millions of dollars)
Assets Liabilities and Net Worth
Cash $ 1 Accounts Payable $ 2
Accounts Receivable 8 Other 2
Inventories 18 Current Liabilities 4
Other 1 Long-term Debt 12
Current Assets 28
Net Plant and Equipment 19 Net Worth 31
Total Assets $ 47 Total $ 47
Collection Period (days) 53 Debt as % Capital 28%
Days of Inventory (days) 173 Total Assets/Net Worth 1.52
Sales/Total Assets 1.18
Exhibit 4 ProFormas for Robertson Tool (millions of dollars)
Actual Forecasts
2002 2003 2004 2005 2006 2007 to Infinity
Sales $ 55.3 $ 58.6 $ 62.1 $ 65.9 $ 69.8 $ 69.8
Cost of Goods 37.9 39.8 41.6 43.5 45.4 45.4
Gross Profit 17.4 18.8 20.5 22.4 24.4 24.4
Sell & Admin 12.3 12.3 12.4 12.5 13.3 13.3
Depreciation 2.1 2.3 2.5 2.7 2.9 2.9
EBIT 3.0 4.2 5.6 7.2 8.2 8.2
Tax @ 40% 1.2 1.7 2.2 2.9 3.3 3.3
EBIAT $ 1.8 $ 2.5 $ 3.4 $ 4.3 $ 4.9 $ 4.9
CoGS % Sales 69% 68% 67% 66% 65% 65%
Sell & Admin % Sales 22% 21% 20% 19% 19% 19%
Net Plant & Equip @
Beginning of Year $ 19.0 $ 20.7 $ 21.7 $ 22.6 $ 23.5
Capital Expenditures (4.0) (3.5) (3.6) (3.8) (2.9)
Depreciation Expense 2.3 2.5 2.7 2.9 2.9
Net Plant & Equip @
End of Year $ 20.7 $ 21.7 $ 22.6 $ 23.5 $ 23.5

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