Question: Problem 4-3 Lap Dogs Inc. is planning for next year and has the summarized results given below. The firm pays interest of 13% on all

Problem 4-3 Lap Dogs Inc. is planning for next year and has the summarized results given below. The firm pays interest of 13% on all borrowing and is subject to an overall tax rate of 39%. It paid interest of $30,000 this year and plans a $75,000 dividend next year. Complete Lap Dog's forecast of next year's financial statements. Enter your answers in thousands. For example, an answer of $12 thousands should be entered as 12, not 12,000. Enter all amounts as a positive numbers. Income Statement ($000) EBIT $241 Interest EBT Income Tax Net Income Balance Sheet ($000). This Year Next Year $538 $729 Assets Current Liabilities 90 Debt N Equity Total Liab & Equity 1 Check My Work 1 more Check My Work uses remaining Next > Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading //ww esc :: F2
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