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6.00 points Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end
6.00 points Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (ncluding fixed assets) and current liablities will vary directiy with sales. The firm is working at full capacity Balance Sheet 5 milions) CashAssets Accounts receivable Liabilities and Stockholders' Equity S 10 Accounts payable S 18 32 Accrued wages 33 Inventory Accrued taxes S 75 Current lablties S 36 Current assets Fxed assets 43 Notes payable Common stock Retained earnings S 118 Total assets $ 118 Total liabilities and stockholders' equity Owen's has an aftertax profit margin of 9 percent and a dividend payout ratio of 50 percent next year, determine how many dollars of new tunds are needed to finance the growth (Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g. $1,.234 567), New tunds 645 P
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