Question
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 5,500 Cost 4,300 Net income $ 1,200 BALANCE SHEET, YEAR-END 2011
Here are the abbreviated financial statements for Planners Peanuts:
| INCOME STATEMENT, 2012 | |||
| Sales | $ | 5,500 | |
| Cost | 4,300 | ||
| Net income | $ | 1,200 | |
| | | | |
| BALANCE SHEET, YEAR-END | |||||||||
| 2011 | 2012 | 2011 | 2012 | ||||||
| Assets | $ | 8,500 | $ | 9,000 | Debt | $ | 823 | $ | 1,000 |
| Equity | 7,677 | 8,000 | |||||||
| Total | $ | 8,500 | $ | 9,000 | Total | $ | 8,500 | $ | 9,000 |
| | | | | | | | | ||
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
| External Financing | |
| 25% | $ |
| 30% | |
| 35% |
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Chains Of Finance How Investment Management Is Shaped
Authors: Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie, Ekaterina Svetlova
1st Edition
0198802943, 978-0198802945
