Question: Does anyone know what this means and how to solve on MacBook Pro Chapter 3 Problem 7 Note: Manual calculation mode is on. You must

Does anyone know what this means and how to solve on MacBook Pro

Does anyone know what this means and how to solve on MacBook

Chapter 3 Problem 7 Note: Manual calculation mode is on. You must press F9 key to calculate Facts and Assumptions Year Net sales Growth rate in sales Cost of goods soldet sales 2014 $20,613 2015 2016 25% 86% 12% 30% 11% en., sell,, and admin. expenseset sales Long-term debt Current portion long-term debt Interest rate Tax rate Dividend/earnings after tax Current assetset sales Net fixed assets Current liabilitieset sales Owners' equity $ 760$ 660$ 560 $100$100$100 10% 45% 50% 29% 10% 50% 29% $ 280$ 270 14.5% 14.4% $ 1.730 INCOME STATEMENT Forecast Year Net sales Cost of good sold Gross profit Gen., sell,, and admin. exp Interest expense Earnings before tax Tax Earnings after tax Dividends paid Additions to retained earnings BALANCE SHEET Current assets Net fixed assets Total assets Current liabilities Long-term debt Equity Total liabilities and shareholders' equity 2014 2015 2016 $ 25,766 22,159 3,607 3,092 231 285 128 156 78 78 $7,472 280 7,752 3,736 660 1,808 6,204 EXTERNAL FUNDING REQUIREID 1,548

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