Question
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 10,000 Cost 7,900 Net income $ 2,100 BALANCE SHEET, YEAR-END 2011
| Here are the abbreviated financial statements for Planners Peanuts: |
| INCOME STATEMENT, 2012 | |||
| Sales | $ | 10,000 | |
| Cost | 7,900 | ||
| Net income | $ | 2,100 | |
| BALANCE SHEET, YEAR-END | |||||||||
| 2011 | 2012 | 2011 | 2012 | ||||||
| Assets | $ | 8,500 | $ | 9,000 | Debt | $ | 853 | $ | 1,000 |
| Equity | 7,647 | 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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Contemporary Islamic Finance
Authors: Karen Hunt-Ahmed
1st Edition
1118180909, 978-1118180907
