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a. Refer to Wal-Mart financial statements, above. Prepare a forecasted income statement for Year 8 assuming:
• Total revenues are expected to increase by 12% from Year 7 to Year 8.
• Operating income as a percentage of total revenues will remain unchanged from Year 7 to Year 8.
• Total interest costs will increase by 10%.
• Effective tax rate is 37%.
b. What additional information will Wal-Mart need in order to assess whether it needs additional outside funding?
Osteoblasts
Cells responsible for bone formation, playing a critical role in bone growth and healing.
Bone Growth
Bone growth refers to the process by which bones increase in size, mainly during childhood and adolescence, through the activities of osteoblasts and growth plates.
Bone Matrix
The non-cellular, organic, and inorganic component of bone tissue that provides structural support and gives bone its rigidity and strength.
Osteocyte
A mature bone cell, embedded within the bone matrix, responsible for maintaining bone tissue.
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