The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (40%) Net income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable. Inventory Total Total assets Fixed assets Net plant and equipment $31,440 47,160 Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 $ 26,300 41,700 87,900 $155,900 $753,000 588,000 24,000 $141,000 10,000 $131,000 52,400 $ 78,600 $150,400 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $306,300 Total liabilities and owners' equity $ 69,000 18,000 $ 87,000 $101,000 $100,000 18,300 $118,300 $306,300 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.)
The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (40%) Net income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable. Inventory Total Total assets Fixed assets Net plant and equipment $31,440 47,160 Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 $ 26,300 41,700 87,900 $155,900 $753,000 588,000 24,000 $141,000 10,000 $131,000 52,400 $ 78,600 $150,400 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $306,300 Total liabilities and owners' equity $ 69,000 18,000 $ 87,000 $101,000 $100,000 18,300 $118,300 $306,300 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.)
Chapter12: Corporate Valuation And Financial Planning
Section: Chapter Questions
Problem 9P
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Question
Transcribed Image Text:00
The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense
will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and
accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued.
Sales
Costs
Other expenses
Nuesca Holidays Inc.
2017 Statement of Comprehensive Income
Earnings before interest and taxes
Interest paid
Taxable income
Taxes (40%)
Net income
Dividends
Addition to retained earnings
Current assets
Cash
Accounts receivable
Inventory
Total
Total assets
Assets
Fixed assets
Net plant and equipment
$31,440
47,160
Nuesca Holidays Inc.
Statement of Financial Position as of December 31, 2017
$ 26,300
41,700
87,900
$155,900
$753,000
588,000
24,000
$141,000
10,000
$131,000
52,400
$ 78,600
$150,400
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Retained earnings
Total
$306,300 Total liabilities and owners' equity
$ 69,000
18,000
$ 87,000
$101,000
$100,000
18,300
$118,300
$306,300
Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your
response.)
Transcribed Image Text:Nuesca Holidays Inc.
Pro Forma Statement of Comprehensive Income
25 % Sales
Growth
$
Sales
Costs
Other expenses
EBIT
Interest
Taxable income
Taxes (40%)
Net income
Dividends
Add. to RE
Current assets
Cash
Complete the pro forma statement of financial position below.
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Assets
69
69 69 64
$
$
$
$
$
Nuesca Holidays Inc.
Pro Forma Statement of Financial Position
$
Current liabilities
Accounts payable
Notes payable
Total
Liabilities and Owners' Equity
Long-term debt
Owners' equity
Common stock and paid-in surplus
Retained earnings
Total
Total liabilities and owners' equity
Help Save & Exit
67 67
$
$
$
LA
57
LA LA
$
$
LA
$
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