Build a forecasted balance sheet and income statement for 2015 using below. Use

Question

Build a forecasted balance sheet and income statement for 2015 using below. Use 30% growth rate for sales sales. Assume AFN is going to be raised as 20% long term debt and 80% equity. Tax and dividend payout remain the same
014 Tax Rate Dividends 20% 50% Interest Expense S&A; Expenses ccounts Payable Net Fixed Asset 48,09 571 New Equity Income Statements f0ce cal+ as %Yuan 2014 $406,427Y1 S2.8$ 214,607 2013 S 333,426 $ 169,969 33,425 S 47.980 S 82,052 Sales Cost of Goods Sold S&A; Expenses Depreciation EBIT Interest Expense EBT Taxes Net Income Dividends Addition to Retained Earnings 10.1$ 43,626 230 13.3 $ 54,23 $ 93.964 S 71,610 S 14.322 57,288 S 28,644 $82,010 Z0ES 16.402 S 65,608 S32,804 50 of Net in $28,644 S32,804

Explanation / Answer

forecasted income statement for 2015 ($)

     sale (406427 + 30% * 406427) 528355

   Cost of goods sold (214607/406427 *528355) 278989

   S & A expense(43626 / 406427 * 528355) 56714

   Depreciation 54230

   EBIT 138422

   Interest 11954

   EBT 126468

   TAX 25294

Net Income 101174

Dividend 50587

   Retained Earning 50587

Note:- Depreciation is fixed expenses and continue to be same as in pevious year and interest expense will be same because no any debt is issued

  

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