document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=740498>Question 740498</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 3.<BR>\n" );
document.write( "Lap Dogs Inc. is planning for next year and has the following summarized results so far ($000):\r<BR>\n" );
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document.write( "Income Statement\r<BR>\n" );
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document.write( "EBIT\r<BR>\n" );
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document.write( "236\r<BR>\n" );
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document.write( "Interest\r<BR>\n" );
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document.write( "?  \r<BR>\n" );
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document.write( "EBT\r<BR>\n" );
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document.write( "?  \r<BR>\n" );
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document.write( "Income tax\r<BR>\n" );
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document.write( "?  \r<BR>\n" );
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document.write( "EAT\r<BR>\n" );
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document.write( "?  \r<BR>\n" );
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document.write( "Balance Sheet\r<BR>\n" );
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document.write( "This year\r<BR>\n" );
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document.write( "Next Year\r<BR>\n" );
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document.write( "Assets\r<BR>\n" );
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document.write( "582\r<BR>\n" );
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document.write( "745\r<BR>\n" );
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document.write( "Current liabilities\r<BR>\n" );
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document.write( " 63\r<BR>\n" );
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document.write( " 80\r<BR>\n" );
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document.write( "Debt\r<BR>\n" );
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document.write( "275\r<BR>\n" );
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document.write( "  ?\r<BR>\n" );
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document.write( "Equity\r<BR>\n" );
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document.write( "244\r<BR>\n" );
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document.write( "  ?\r<BR>\n" );
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document.write( "Total liab & equity\r<BR>\n" );
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document.write( "582\r<BR>\n" );
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document.write( "745\r<BR>\n" );
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document.write( "The Firm pays interest of 12% on all borrowing and is subject to an overall tax rate of 38%. It paid interest of $20,000 this year and plans a $75,000 dividend next year. Complete Lap Dog’s forecast of next year’s financial statements. Round all calculations to the nearest $1,000.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #451599 by </B><A HREF=/tutors/aboutme.mpl?userid=lynnlo><B>lynnlo(4176)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lynnlo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=451599\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  </SPAN>\n" );
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