help create an income statement for 2020. Assume that net working capital will equal 50% of fixed assets.

help create a balance sheet for 2020. Assume that net working capital will equal 50% of fixed assets.

Now assume that the balancing item is debt and that no equity is to be issued. help create a completed pro forma balance sheet for 2020.

Assume that the balancing item is debt and that no equity is to be issued, what is the projected debt ratio for 2020?

The following tables contain nancial statements for Dynastatics Corporation. Although the company has not been growing. it now plans to expand and will increase net fixed assets [i.e.. assets net of depreciation) by $200,000 per year for the next 4 years, and it forecasts that the ratio of revenues to total assets will remain at 1.50. Annual depreciation is 20% of net xed assets at the beginning of the year. Fixed costs are expected to remain at $62 and variable costs at 70% of revenue. The company's policy is to pay out onehalf of net income as dividends and to maintain a book debt ratio of 20% of total capital. INCOME STATEMENTJ 2919 (Figures in $ thousands} Revenue $ 1,868 Fixed costs 62 Variable costs (79% of revenue) 1,268 Depreciation 168 Interest (6% of beginningotyear debt) 18 Taxable income 368 Taxes (at 35%) 165 Net income $ 195 Dividends $ 98 Addition to retained earnings $ 97 BALANCE SHEET, YEARsEND (Figures in $ thousands) 2819 Assets Net working capital $ 489 Fixed assets 889 Total assets $ 1,238 Liabilities and shareholders' equity Debt $ 389 Equityr 988 Total liabilities and shareholders' equity $ 1,269