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Particulars Sales Operating Cost EBIT Interest EBT Tax (35%) Net Income EPS DPS

Dividend Payout Ratio

2013 10000 6500 3500 500 3000 1050 1950 13 5.2 40% 150 1170

Income Statement Forecast Initial Forecast Basis 2014 1.1 11000 1.1 7150 3850 500 3350 1172.5 2177.5 14.5 5.8 40% 150
1306.5

Financing Adjustment

Adjusted Forecast 2014

No of Share RE

Particulars Cash A/R Inventories Current Assets PPP Total Assets Liabilities & OE N/P A/P Accruals Current Liabilities Long Term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & OE

2013 5880 8900 15500 30280 27500 57780

Balance Sheet Initial Forecast Forecast Basis 2014 1.1 6468 1.1 9790 1.1 17050 33308 1.1 30250 63558

Financing Adjustment

Adjusted Forecast 2014

2300 1680 2500 6480 25000 31480 18600 7700 57780

1.1 1.1

+1306.5 AFN

2300 1848 2750 6898 25000 31898 18600 9006.5 59504.5 4053.5

Assumption: 1. 2014 sales are projected to increase by 10% over 2013 sales. Additional funds needed have been determined by assuming that items related to sales expected to increase by the same percentages as sales. Requirement 1: Required financing meet up by following three sources- named N/P, Long Term Debt/Bonds and seasonal share issue/Equity/issuing share. For this purpose assumeSources N/P Long Term Debt/Bonds Common Equity Portion 20% 35% 45% Cost of New Fund .50% Per Month Annually 12% 46.5 Per Share

Construct the Financial statements incorporating financing Feedback.

Requirement 2: Required financing will be met up by N/P, LTD/B and Common Equity. If the firm assume its Current Ratio will be 4.5 times in 2014 and debt ratio will be 55% then how much financing will be obtained by N/P, LTD/B and Common Equity? -Construct the Financial statements incorporating financing Feedback assume that interest rate on N/P and LTD will 7% and 13% respectively and Market Price Per share is 55 TK.

Particulars Sales Operating Cost EBIT Interest EBT Tax (35%) Net Income EPS DPS
Dividend Payout Ratio

2013 10000 6500 3500 500 3000 1050 1950 13 5.2 40% 150 1170

Income Statement Forecast Initial Forecast Basis 2014 1.1 11000 1.1 7150 3850 500 3350 1172.5 2177.5 14.5 5.8 40% 150
1306.5

Financing Adjustment

Adjusted Forecast 2014

No of Share RE

Particulars Cash A/R Inventories Current Assets PPP Total Assets Liabilities & OE N/P A/P Accruals Current Liabilities Long Term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & OE

2013 5880 8900 15500


30280

Balance Sheet Initial Forecast Forecast Basis 2014 1.1 6468 1.1 9790 1.1 17050
33308

Financing Adjustment

Adjusted Forecast 2014

27500 57780

1.1

30250 63558

2300 1680 2500 6480 25000 31480 18600 7700 57780

1.1 1.1

2300 1848 2750 6898 25000 31898 18600


9006.5 59504.5 4053.5

+1306.5

AFN