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ed nces The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average. Sales Expenses Earnings before interest
ed nces The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average. Sales Expenses Earnings before interest and taxes Income Statement Interest Earnings before taxes Taxes Earnings after taxes Dividends Cash Accounts receivable Inventory Current assets Capital assets Total assets Assets Balance Sheet Liabilities and Shareholders' Equity $5,000 Accounts payable 10,000 Accrued wages 15,000 Accrued taxes Current liabilities Notes payable $30,000 70,000 $200,000 158,000 $ 42,000 2,000 $ 40,000 20,000 $ 20,000 $ 10,000 $100,000 Long-term debt Common stock Retained earnings Total liabilities and equity Longbranch is expecting a 20 percent increase in sales next year and management is concerned about the company's need for The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average. Ionnbranch is expectino a 20 netcent inciease in ciles next wear and manacement is concemed abnit the romnanvis need for 3 or 14 Longbranch is expecting a 20 percent increase in sales next year, and monagement is concemedabout the companys need for external funds. The increase in sales is expected to be carried out without any exounsion of capital assets. insteod. it wil be done 0. Using a percent ot-sales method, deternune whether Longbranch Western Wear has extemalfriancing peeds (Input the omount os a positive volue) The firm 5 in debt (linput all answers os positive values, Be sure to list the ossets ond liobifies in order of their fiquidity. Do not leove any. empty spaces: input o o wherever it is required.) The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average
ed nces The Longbranch Western Wear Company has the following financial statements, which are representative of the company's historical average. Sales Expenses Earnings before interest and taxes Income Statement Interest Earnings before taxes Taxes Earnings after taxes Dividends Cash Accounts receivable Inventory Current assets Capital assets Total assets Assets Balance Sheet Liabilities and Shareholders' Equity $5,000 Accounts payable 10,000 Accrued wages 15,000 Accrued taxes Current liabilities Notes payable $30,000 70,000 $200,000 158,000 $ 42,000 2,000 $ 40,000 20,000 $ 20,000 $ 10,000 $100,000 Long-term debt Common stock Retained earnings Total liabilities and equity Longbranch is expecting a 20 percent increase in sales next year and management is concerned about the company's need for
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