Colson POHI Exam Format & Instructio Final Exam (Spring 2012) FIN: 4424-Advanced Managerial Finance May 2, 2022 Total Posts 100 points Time: 150 minutes 1:15 PM-3:45 PM Number of questions: 4 preject questions with rab short answer questions You are not allowed to use Excel so do the calculation. You can use a calculator, scrap paper and a one-page two-sided hand-written chear sheet in the exam t. Financial planning (Proforma Construction) (30 points) Suppose, you wore hired by GEM, Inc. to assist the company with a financial planning and to eve the company's performance Your pervace provides you with the most recess income statement and ve shot of GEM, Inc. (shown below) Ovention Sales for 2000 we projected to grow by 20 paces. The tax rate is 25% est expense and depreciation expense will remain constant, the tax rate and the dividend payout rate will also remain cosa Cos ather expenses, cument assets, fixed assets, and accounts payable i ously with sales If the firm is opening at full capacity and no new debt or equity is ied You need so see the sales peromiage appeach to construct the pro forma for 2021 and fill the bank below (It is optional to fill the blink under % of sales, only the proforma will be graded) (15 points) Income statement 2020 % of Sales Pro Forma (2021) Sales S 50,000 Cost 3. 35,000 Depreciation 4,500 Interests S 200 Taxable income S 10,000 Taxes 3 2.500 Net income 7.500 vidends S 2,000 dition to RE 5.500