Intro Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Assets Ca

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Intro Model Corp S Most Recent Balance Sheet And Income Statement Are Given Below All Numbers In Million Assets Ca 1 (91.09 KiB) Viewed 48 times

Intro Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Assets Cash 46 Accounts receivable 92 Inventory 138 Current assets 276 Machinary 184 Total assets Liabilities and Equity Accounts payable 138 Current liabilities 138 Long-term debt 184 Total liabilities 322 Equity 138 Total liab. & equity 460 460 80 48 16 Income statement Sales Costs Depreciation EBIT Interest Taxable income Taxes Net income 16 5.52 10.48 3.563 6.917 Sales, costs (including depreciation), assets and liabilities are expected to grow by 33% next year, except that the tax rate and long-term debt will stay constant. The company will pay out 50% of net income as dividends next year. Part 1 IB Attempt 1/10 for 10 pts. What will be the net income next year (in $ million)? 1+ decimals Submit