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Forecasted Statements and Ratios Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retall stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31,2018 , is shown here (milions of dellars): Sales for 2018 were $250 milion and net income for the year was $7.5 million, so the firm's profit margin was 3,0%. Upton paid dividends of $3 million to common stockhalders, so its payeut ratio was 40%, Its tax rate was 40%, and it operated at full capseity. Assume that all assets/sales ratios, (spontaneous labalites)/sales ratios, the profit margin, and the payout ratio remain constant in 2019. Do not round intermediate calculations. a. If sales are projected to increase by $40 miliion, or 16\%, during 2019, use the AFN equation to determine Upton's projected external capital requirements. Enter your answers in milices. For example, an answer of it, 550,000 should be entered as 10.55. Round your answer to two decimal places. million b. Using the ANN equation, determine Uptonis seit-supporting yrowth rate. That is, what is the maximum growth rate the firm can acheve without having ta emplor nonencontaneous external funds? Round your answer to two decimal pleces. c. Use the forecasted financisl statement method to forecast Upton's balance sheet for December 31, 2019, Assume that ail additional evtemal capital is rased as a line of predit at the end of the year and is reflected (because the debt is added at the end of the year, there will be no additional interest expense due to the new debt). Assume Upton's profit margin and dividend payout ratio will be the same in 2019 as they were in 2018 . What is the amouns of use line or credit reported on the 2019 forecerted balance sheets? (hinti You don' need to forecast the income statements because the line of credt in taken ouf an last day of une year and you are given the c. Use the forecasted financial statement method to forecast Upton's balance sheet for December 31, 2019. Assume that all additional external capital is raised as a line of credit ot the end of the year and is refiected (because the debt is added at the end of the year, there will be no additional interest expense due to the new debe). Assume Upton's profit margin and dividend payout ratio will be the same in 2019 as they were in 2018 . What is the amount of the line of credit reported on the 2019 . forecasted balance sheets? (Hint: You don't need to forecast the income statements because the line of credit is taken out on last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow you to calculate the 2019 addition to retained earnings for the balance sheet without actually constructing a full income statement.) Round your answers to two decimal places

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