Question: A . Construct the forecasted financial statements assuming that these changes are made. What are the firm's forecasted notes payable and long - term debt
A Construct the forecasted financial statements assuming that these changes are made. What are the firm's forecasted notes payable and longterm debt balances? What is the forecasted addition to retained earnings? Round your answers to the nearest cent.
Morrissey Technologies Inc.: Pro Forma Income Statement for December
Sales $ fill in the blank
Operating costs including depreciation fill in the blank
Earnings before interest and taxes EBIT $ fill in the blank
Interest fill in the blank
Earnings before taxes EBT $ fill in the blank
Taxes fill in the blank
Net income NI $ fill in the blank
Dividends $ fill in the blank
Addition to retained earnings $ fill in the blank
MorMorrissey Technologies Inc.s financial statements are shown here.
Morrissey Technologies Inc.: Income Statement for
December
longterm debt is Assume that any common stock issuances or repurchases can be made at the firm's current stock price of $
rissey Technologies Inc.: Pro Forma Balance Sheet as of December
Assets
Cash $ fill in the blank
Receivables fill in the blank
Inventories fill in the blank
Total current assets $ fill in the blank
Fixed assets fill in the blank
Total assets $ fill in the blank
Liabilities and Equity
Accounts payable $ fill in the blank
Accrued liabilities fill in the blank
Notes payable fill in the blank
Total current liabilities $ fill in the blank
Longterm debt fill in the blank
Total liabilities $ fill in the blank
Common stock fill in the blank
Retained earnings fill in the blank
Total common equity $ fill in the blank
Total liabilities and equity $ fill in the blank
B If the profit margin remains at and the dividend payout ratio remains at at what growth rate in sales will the additional financing requirements be exactly zero? In other words, what is the firm's sustainable growth rate? Hint: Set AFN equal to zero and solve for g Round your answer to two decimal places.
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