Financing Deficit Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December

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answerhappygod
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Financing Deficit Stevens Textile Corporation's 2021 financial statements are shown below: Balance Sheet as of December

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Financing Deficit
Stevens Textile Corporation's 2021 financial statements areshown below:
Balance Sheet as of December 31, 2021 (Thousands ofDollars)
Income Statement for December 31, 2021 (Thousands ofDollars)
Stevens grew rapidly in 2021 and financed the growth with notespayable and long-term bonds. Stevens expects sales to grow by 25%in the next year but will finance the growth with a line of credit,not notes payable or long-term bonds. Use the forecasted financialstatement method to forecast a balance sheet and income statementfor December 31, 2022. The interest rate on all debt is 10%, andcash earns no interest income. The line of credit is added at theend of the year, which means that you should base the forecastedinterest expense on the balance of debt at the beginning of theyear. Use the forecasted income statement to determine the additionto retained earnings. Assume that the company was operating at fullcapacity in 2021, that it cannot sell off any of its fixed assets,and that assets, spontaneous liabilities, and operating costs areexpected to increase by the same percentage as sales.
What is the projected value for earnings before interest andtaxes? Do not round intermediate calculations. Round your answer tothe nearest dollar.
$
What is the projected value for pre-tax earnings? Do not roundintermediate calculations. Round your answer to the nearestdollar.
$
What is the projected net income? Do not round intermediatecalculations. Round your answer to the nearest dollar.
$
What is the projected addition to retained earnings? Do notround intermediate calculations. Round your answer to the nearestdollar.
$
What is the projected value of total current assets? Do notround intermediate calculations. Round your answer to the nearestdollar.
$
What is the projected value of total assets? Do not roundintermediate calculations. Round your answer to the nearestdollar.
$
What is the projected sum of accounts payable, accruals, andnotes payable? Do not round intermediate calculations. Round youranswer to the nearest dollar.
$
What is the forecasted line of credit? Do not round intermediatecalculations. Round your answer to the nearest dollar.
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