Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Galehouse Gas expects sales to increase from 1640000 to 1840000 next year. Mr Galehouse believes net assets will represent 45% of sales firm has a
Galehouse Gas expects sales to increase from 1640000 to 1840000 next year. Mr Galehouse believes net assets will represent 45%
of sales firm has a 10% return on sales pays 35% profit out for dividends.
a= what effect will this growth have on funds?
b=If the dividend payout is only 15% what effect will this growth have on funds?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started