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bints 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
bints 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 (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in 5 millions) Assets Liabilities and Stockholders' Equity 01:35:04 Cash $ 3 Accounts payable $ 16 Accounts receivable Inventory 21 Accrued wages 3 24 Accrued taxes Current assets $48 Current liabilities eBook Fixed assets 41 Notes payable Common stock Hint Retained earnings 9 $ 28 11 16 34 $ 89 Print Total assets Merences $89 Total liabilities and stockholders' equity Owen's Electronics has an aftertax profit margin of 6 percent and a dividend payout ratio of 20 percent. If sales grow by 15 percent next year, determine how many dollars of new funds are needed to finance the growth. (Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g., $1,234,567).) Activate Windowe
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