2. Projected financial statements and basic analysis You are the most creative analyst for Green Moose Restaurant Supply, and your admirers want to see you work your analytical magic once more. Net sales Cost of goods sold Gross profit Fixed operating costs except depreciation Depreciation Earnings before interest and taxes Interest This Year's Actual Results Next Year's Initial Forecast $18,000,000 $21,240,000 14,400,000 16,992,000 $3,600,000 $4,248,000 900,000 900,000 360,000 424,800 $2,340,000 $2,761,200 360,000 360,000 $1,980,000 $2,401,200 792,000 960,480 $1,188,000 $1,440,720 641,520 641,520 $546,480 $0.24 $0.29 $0.13 $0.13 Earnings before taxes Taxes Net Income $799200 Common dividends Addition to retained earnings Earnings per share Dividends per share Number of common shares (millions) 5.00 5.00 Which of the following are assumptions made by the initial income statement forecast? Check all that apply. No excess capacity currently exists. Green Moose Restaurant Supply will be issuing additional debt in the coming year. The cost of sales percentage for Green Moose Restaurant Supply will decrease due to economies of scale. Spontaneously generated funds will sufficiently cover any financing needs. The forecasted Increase in net sales is 18.00% Suppose Green Moose had neither sufficient excess capacity to handle any forecasted increases in operations nor sufficient retained earnings to Increase the level of company asset up to the amount necessary for production. This deficiency is called These funds could be acquired in which of the following forms? Check all that apply. Borrowing from a bank using notes payable Issuing long-term bonds Issuing additional common stock Repurchase of outstanding common stock