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19 Galehouse Gas Stations Inc. expects sales to increase from $1,600,000 to $1,800,000 next year. Galehouse belleves that net assets (Assets - Llabilities) will represent
19 Galehouse Gas Stations Inc. expects sales to increase from $1,600,000 to $1,800,000 next year. Galehouse belleves that net assets (Assets - Llabilities) will represent 55 percent of sales. His firm has an 8 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? b. If the dividend payout is only 15 percent, what effect will this growth have on funds? The cash balance w
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