Question: Use the financial statements and additional data provided by management to forecast the firm's Net Income for the projected year. Sales revenue is expected to

Use the financial statements and additional data provided by management to forecast the firm's Net Income for the projected year. Sales revenue is expected to increase 150%. Additional investment in fixed assets = $2,500. Dividend payout ratio = 26%. Sales COGS 8,000 5,200 2,800 800 Gross Profit SG&A EBIT 2,000 Interest ET 50 1,950 EBT Taxes (40%) Net Income 780 1,170

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