‏The first page includes a sample income statement and balance sheet for the years 2021 and 2022.‏The second page provides the ratios of the year 2023.‏A)Use the given the information provided in the first page to calculate it with ratios in order to creat the following for the year 2023: 1- income statement 2- balance sheet 3- cash flow statement ‏B) Based on your initial projections, how much external financing (long-term debt and/or stockholders' equity) will a firm need to fund its growth at projected increases in sales? Income StatementY r. 2022Net Sales$15,326Cost of Goods12,267Gross Profit3,059Selling, general and administrative 2,251expenseDepreciation and amortizationexpenseIncome before taxIncome tax expenseNet incomeOutstanding SharesBalance SheetCashReceivablesInventoriesAccounts payable & accruedliabilitiesOther current assetsTotal current assets2,928Property, plant & equipment1,987Accumulated depreciation543Net property, plant and equipment 1,444Other noncurrent assets466Total assets§ 48382,473Short-term debt and currentmaturities of long-term debtIncome tax liabilitiesTotal current liabilitiesLong-term liabilitiesLong-term debtTotal long-term liabilitiesCommon stockCapital surplusRetained earnings167Shareholders' equityTotal liabilities and equity641245$396208Yr. 2022§ 7463131,7671021141272,714122181303205761,2251,821§ 4838Yr. 2021$12,49410,1012,3931,728103562215$347200Yr. 2021§ 7512621,184412,2381,09339569859$29951,70416651,78510015115202478281,095§ 2995 9:42a) Use the following ratios to prepare a projected income statement, balance sheet,and statement of cash flows for Year 3.Sales growthGross profit marginSelling, general, andadministrative expense/ salesDepreciation expense/Prior-year PPE grossIncome tax expense/Pretaxincome22.67%19.96%14.69%Inventory turnover (cost ofgoods sold/Inventory)15.28%38.22%Accounts receivable turnover 48.96%(Sales/Accounts receivable)6.94%Accounts payable turnover(Cost of goods sold/Accountspayable)Taxes payable/Tax expense51.84%Total assets/Stockholders' 2.55%equity (financial leverage)Dividends per shareCapital expenditures/Sales4.96%5G0.00%6.71%b) Based on your initial projections, how much external financing (long-term debt and/or stockholders' equity) will Saco World need to fund its growth at projectedincreases in sales?

Name: ‏The first page includes a sample income statement and balance sheet f
Uploaded: 2024-03-20T06:33:21.000Z
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Description: ‏The first page includes a sample income statement and balance sheet for the years 2021 and 2022.‏The second page provides the ratios of the year 2023.‏A)Use the given the information provided in the first page to calculate it with ratios in order to