Question
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 8,000 Cost 6,300 Net income $ 1,700 BALANCE SHEET, YEAR-END 2018
Here are the abbreviated financial statements for Planners Peanuts:
| INCOME STATEMENT, 2019 | |||
| Sales | $ | 8,000 | |
| Cost | 6,300 | ||
| Net income | $ | 1,700 | |
| BALANCE SHEET, YEAR-END | |||||||||||||||||||
| 2018 | 2019 | 2018 | 2019 | ||||||||||||||||
| Assets | $ | 4,500 | $ | 5,000 | Debt | $ | 853 | $ | 1,000 | ||||||||||
| Equity | 3,647 | 4,000 | |||||||||||||||||
| Total | $ | 4,500 | $ | 5,000 | Total | $ | 4,500 | $ | 5,000 | ||||||||||
Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 25%, (b) 30%, and (c) 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Options On Futures Workbook Step By Step Exercises And Tests To Help You Master Options On Futures New Trading Strategies
Authors: John F. Summa ,Jonathan W. Lubow
1st Edition
0471436437, 978-0471436430
