The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are
projected to grow by 25 percent. Interest expense will remain constant; the tax rate and
the dividend payout rate also will remain constant. Costs, other expenses, current
assets, fixed assets, and accounts payable increase spontaneously with sales.
2019 Income Statement
Earnings before interest
Addition to retained
Balance Sheet as of December 31, 2019
Llabilities and Owners’ Equity
$ 25,340 Accounts payable
Accounts receivable 34,770 Notes payable
$ 131,620 Long-term debt
Common stock and paid-in
Net plant and
Total abilities and owners
What is the EFN If the firm wishes to keep its debt-equity ratio constant? Do not round
Intermediate calculations and round your answer to the nearest whole dollar amount,
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