Question: please answer The most recent financial statements for Kuhlmann Machine Inc. follow. Sales for 2018 are projected to grow by 30%. Interest expense will remain

 please answer The most recent financial statements for Kuhlmann Machine Inc.

follow. Sales for 2018 are projected to grow by 30%. Interest expense

will remain constant; the tax rate and the dividend payout rate will

please answer

The most recent financial statements for Kuhlmann Machine Inc. follow. Sales for 2018 are projected to grow by 30%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Kuhlmann Machine Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends $17,680 Addition to retained earnings 70,720 $748,000 583,000 19,000 $146,000 10,000 $136,000 47,600 $ 88,400 Assets Current assets Cash Accounts receivable Inventory Total Kuhlmann Machine Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 25,800 Accounts payable 41,200 Notes payable 87,400 Total $154,400 Long-term debt Owners' equity Common stock and paid in surplus $400,000 Retained earnings Total $554,400 Total liabilities and owners' equity $ 68,500 17,500 $ 86,000 $100,000 Fixed assets Net plant and equipment $100,000 268,400 $368,400 $554,400 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Kuhlmann Machine Inc. Pro Forma Statement of Comprehensive Income 30 % Sales Growth $ Sales Costs Other expenses EBIT $ Interest Taxable income Taxes (35%) $ Net income $ Dividends Add. to RE Complete the pro forma statement of financial position below. Assets $ - Kuhlmann Machine Inc. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ Accounts payable $ Notes payable $ Total Long-term debt owners' equity Current assets Cash Accounts receivable Inventory Total $ $ $ Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total Kuhlmann Machine Inc. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ Accounts payabile $ Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid-in surplus $ Retained earnings Total At ta $ $ Fixed assets Net plant and equipment $ $ $ Total liabilities and owners' equity Total assets Calculate the EFN for 30% growth rates. 30% $ EFN

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