Income Statement Balance Sheet
sales $800 Assests $2,400 Debt $1,500
Costs $200 Equity $900
EBIT $600 Total $2,400 Total $2,400
Net Income $550
Assests and cost are proportianl to sales. Debt is not. A dividend of 341 will be paid next year. Next year sales are projected to be $920.
Also use the data in the problem above but use the formula method to calculate.