Question
Below are the balance sheet and income statement for Square Chair Pasta, actual for 2020 and expected for 2021. All numbers are in $
Below are the balance sheet and income statement for Square Chair Pasta, actual for 2020 and expected for 2021. All numbers are in $ million. Balance Sheet Income Statement 2020 2021E 2020 2021E Current assets 63 72 Sales 150 Net fixed assets 147 Costs 90 Total assets 210 Depreciation 30 Current liabilities 42 48 EBIT 30 Long-term debt 105 105. Interest 11 2888F 173 104 35 34 11 Equity 63 Taxes 4 5 Total L&E 210 Net income 15 18 Part 1 BAttempt 1/10 for 10 pts. What is the expected value of net fixed assets if the company wants to invest (net of any sales) $80 in fixed assets in 2021 (in $ million)? 0+ decimals Submit Part 2 Attempt 1/10 for 10 pts. What is the expected value of equity if the company does not sell or repurchase any shares and the dividend payout ratio is 60% (in $ million)? 0+ decimals Submit Part 3 Attempt 1/10 for 10 pts. What is the external funding required (EFR) for next year (in $ million)? 1+ decimals
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