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Chapter:
Problem:
12
10
Start with the partial model in the file Ch12 P10 Build a Model.xls on the textbook’s Web site, which contains the 2013 finan
statements of Zieber Corporation. Forecast Zeiber's 2014 income statement and balance sheets. Use the following assumpt
grow by 6%. (2) The ratios of expenses to sales, depreciation to fixed assets, cash to sales, accounts receivable to sales, an
to sales will be the same in 2014 as in 2013. (3) Zeiber will not issue any new stock or new long-term bonds. (4) The interest
for long-term debt and the interest expense on long-term debt is based on the average balance during the year . (5) No inter
on cash. (6) Dividends grow at an 8% rate. (6) Calculate the additional funds needed (AFN). If new financing is required, ass
raised by drawing on a line of credit with an interes...