Question: THIS PROBLEM IS WORTH 20 POINTS. Return Please place commas in the appropriate places for your numbers when writing down your answer. The Optical Scam

THIS PROBLEM IS WORTH 20 POINTS. Return "Please place commas in the appropriate places for your numbers when writing down your answer. The Optical Scam Company has forecast a sales growth of 20% for next year. The current financial statements are shown below. Costs, current assets, fixed assets, and short- term debt are proportional to sales. Income statement Sales Costs $35,500,000 Taxable income $22,700,000 Taxes $12,800,000 Net income $2,688,000 Dividends $10,112,000 $1,785,000 Addition to retained earnings $8,327,000 Balance Sheet Assets Liabilities and Equity Current assets $10,088,000 short-term debt $5,982,000 fixed assets $29,645,000 long-term debt $6,908,00 Common Stock $2,676,000 Accumulated retained earnings $24,167,000 Total equity $26,843,000 total assets $39,733,000 Total liabilities and equity $39,733,000 QUESTION #1. Using the equation learned from Chapter 3, what is the External Financing Needed (EFN) for next year? X 74,000 ANSWER : $ QUESTION #2. Please fill in the PRO-FORMA balance sheet and income statement for next year. PRO-FORMA INCOME STATEMENT V 42,600,000 Sales 27,240,000 Costs 15,360,000 Taxable income X 4,608,000 Taxes X 10,752,000 Net income X 5,376,000 11:47 AM Dividends $ 9/28/2024h9%3Fmodule_session%3D124928%26assignment_id%3D193580000000457980%26platfox Net income Return X 10,752,000 Dividends X 5,376,000 Addition to retained earnings X 5,376,000 PRO FORMA BALANCE SHEET (note: both sides of total will not match yet) Assets Liabilities and Equity Current assets 12,105,600 short-term debt 7,178,400 fixed assets 35,574,000 long-term debt X 13,176,000 Common Stock X 12,746,000 Accumulated retained earnings X 15,401,000 Total equity X 28,147,000 total assets 47,679,600 Total liabilities and equity X 48,501,400 QUESTION #3. From the balance sheet, what is the amount of your External financing needed (EFN)? X 821,800 ANSWER : $ QUESTION #4. Does your EFN match from Question #3 to Question #1 answer? X No ANSWER: QUESTION #5. What is the sustainable growth rate for this company? X 27% ANSWER: approximately

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