Question
2. EFN: Ritchie Marble Ltd has total assets of $12,899,450, sales of $18,174,652, and profit of $4,589,774. The company expects its sales to grow by
2. EFN: Ritchie Marble Ltd has total assets of $12,899,450, sales of $18,174,652, and profit of $4,589,774. The company expects its sales to grow by 25 percent next year. All assets and costs (including tax) vary directly with sales, and the company expects to maintain its payout ratio of 65 percent.
Calculate the EFN.
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
