Sales $120,000,000$

COGS $44,400,000$

Gross Profit $75,600,000$

General and Admin Exp $42,000,000$

Research and Dev $18,000,000$

Depreciation $2,488,000$

EBIT $13,112,000$

Inter est Exp $2,625,000$

EBT $10,487,000$

Taxes $3,565,580$

Net Income $6,921,420$

Dividends $1,730,355$

Add. Retained $5,191,065$

Current Assets $36,000,000$

Net Fixed as sets $66,500,000$

Total Assets $102,500,000$

Current Liabilities $40,800,000$

Long$-$Term Debt $31,800,000$

Common Stock $12,500,000$

Retained Earnings $17,400,000$

Total Liabilities & Equity $102,500,000$

Sales will increase by $15\%$

COGS will increase by $150$ Basis Points

General and Admin Expenses will Increase by $50$ basis points

R & D$,$ Current Assets and Current Liabilities will remain the same

percent of sales as in the previous year

Depreciation will increase by $$285,000$

Net fixed assets will increase by $18\%$

The tax rate and dividend payout rate will not change

Asssume no change in long$-$term debt or common stock