Question: Excel Activity: Forecasting Financial Statements balance during the year. ( 5 ) No interest is earned on cash. ( 6 ) Regular dividends grow at

Excel Activity: Forecasting Financial Statements

balance during the year.

(5)

No interest is earned on cash.

(6)

Regular dividends grow at an

11 %

rate.

(7)

The tax rate is

25 % .

available, pay a special dividend.

decimal places. If your answer is zero, enter

" 0 " .

Download spreadsheet Ch

09

10

Build a Model

-

024

.

xlsx

or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.

)

Required line of credit

:housand

Special dividends $

5

thousand

.

Now assume that the growth in sales is only

4 % .

What are the forecasted levels of the line of credit and special dividends?

Required line

o f

credit $ thousand

Special dividends $ thousand

Special dividends

,

, 3

thousand

Excel Activity: Forecasting Financial Statements balance during the year. (5) No

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