The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7294 Costs $5623
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Question:
The most recent financial statements for Xporter, Inc., are shown here:
Income Statement | |
Sales | $7294 |
Costs | $5623 |
Taxable Income | ? |
Taxes (34%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $3808 | Current Liabilities | $2014 |
Fixed Asset | $9729 | Long Term Debt | $3879 |
Equity | ? |
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent.
What is the external financing needed? (Negative amount should be indicated by a minus sign.)
(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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