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Company Alpha has current assets of $20,000; fixed assets of $60,000 therefore, total assets of $80,000. Current debt of $10,000, LTD of $40,000, common stock
Company Alpha has current assets of $20,000; fixed assets of $60,000 therefore, total assets of $80,000. Current debt of $10,000, LTD of $40,000, common stock of $25,000 and retained Earnings of $5,000. The company expects next year growth to be 5% and a Pro Forma retention ratio of $3,000. Find the Accounting EFN if Management controls everything .ASAP
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