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Galehouse Gas Stations Inc. expects sales to increase from $1,710,000 to $1,910,000 next year. Galehouse believes that net asse (Assets Liabilities) will represent 45 percent
Galehouse Gas Stations Inc. expects sales to increase from $1,710,000 to $1,910,000 next year. Galehouse believes that net asse (Assets Liabilities) will represent 45 percent of sales. His firm has an 8 percent return on sales and pays 20 percent of profits o dividends. a. What effect will this growth have on funds? The cash balance will increase by $ 32,240 b. If the dividend payout is only 15 percent, what effect will this growth have on funds? The cash balance will increase by $ 39,880
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