8) Financial planning models are most apt to omit?

A: the changes in net working capital required for additional sales.

B: the increases in costs required to increase sales.

C: any change in retained earnings due to changes in the income statement.

D: the timing, risk, and size of the cash flows.

E: any additions that might be needed to fixed assets.

9) Rosita's Resources paid $11,310 in interest and $16,500 in dividends last year. The times interest earned ratio is 2.9, the depreciation expense is $7,900, and the tax rate is 21 percent. What is the value of the cash coverage ratio?

A: 3.71

B: 2.58

C: 3.60

D: 2.78

E: 3.10

14) B Markets has sales of $848,600, net income of $94,000, dividends paid of $28,200, total assets of $913,600, and current liabilities of $78,900. Assume that all costs, assets, and current liabilities change spontaneously with sales. The tax rate and dividend payout ratios remain constant. If the firm's managers project a firm growth rate of 15 percent for next year, what will be the amount of external financing needed to support this level of growth? Assume the firm is currently operating at full capacity.

A: $49,535

B: $68,211

C: $10,406

D: $13,909

E; $32,408