Question
An online discount store has its most recent income statement (i.e., whole year 2022) and balance sheet (f.e., end of year 2022) as follows:
An online discount store has its most recent income statement (i.e., whole year 2022) and balance sheet (f.e., end of year 2022) as follows: Income statement ($ million) Sales 39 Costs 31.2 Net income 7.8 Total assets Sales, cost and total assets are expected to grow by 10% the following year. Balance sheet ($ million) 2+ decimals Current assets 14.2 Fixed assets 56.8 Debt 28.4 Equity 42.6 71 Total 71 Part 1 Attempt 1/3 for 10 pts. If company expects to keep Debt-Equity ratio fixed from year to year, based on your forecast, is the company paying out any dividend in the following year? What's the amount ($ million)?
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Fundamentals Of Cost Accounting
Authors: William Lanen
7th Edition
1264100841, 9781264100842
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