Multi-part Numerical Problems: Answer each part in the space 9. Blackstone Enterprises (20 points) Income Statement 2017 117,000 58,500 9,500 49,000 8,500 40,500 16,200 24,300 10,000 2018 Net Revenue - Cost of Goods Sold Depreciation Expense EBIT -Interest Expense Income Before Taxes Tax Expense Net Income 2016 Dividend Balance Sheet 2017 2018 2017 2018 Year (end of Assets Current Assets Liabilities Current Liabilities Accounts Payable Long-term Debt Total Liabilities Stockholders Equity Common Stock Retained Earnings Total Stockholder Equity 21,000 Cash and Equivalents Accounts Receivable Inventory 8,500 25,000 12,500 165.000 211,000 95,750 116,750 Fixed Assets, Net Total Assets 41,500 52,750 94,250 tax rate and the dividend payout ratio remain constant. 9A. Prepare a 2018 forecast. What is the 2018 Dividend and Addition to Retained Earnings (10 pts)? 9B. If a bank will allow Blackstone to borrow 3 times prior year EBITDA, how much total Long-Term Debt would the bank allow in 2018 (5 pts)? 9C. What is their Days Accounts Receivables in 2018? If they are unable to borrow any additional funds in 2018, by how many Days would A/R need to decrease to balance the Balance Sheet (5 pts)