Question
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2019 Sales $ 4,500 Cost 3,500 Net income $ 1,000 BALANCE SHEET, YEAR-END 2018
Here are the abbreviated financial statements for Planners Peanuts:
| INCOME STATEMENT, 2019 | |||
| Sales | $ | 4,500 | |
| Cost | 3,500 | ||
| Net income | $ | 1,000 | |
| BALANCE SHEET, YEAR-END | |||||||||||||||||||
| 2018 | 2019 | 2018 | 2019 | ||||||||||||||||
| Assets | $ | 6,500 | $ | 7,000 | Debt | $ | 833 | $ | 1,000 | ||||||||||
| Equity | 5,667 | 6,000 | |||||||||||||||||
| Total | $ | 6,500 | $ | 7,000 | Total | $ | 6,500 | $ | 7,000 | ||||||||||
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) 20%, (b) 25%, and (c) 30%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Impact Investing In Africa A Guide To Sustainability For Investors Institutions And Entrepreneurs
Authors: Edward Mungai
1st Edition
3030004279,3030004287
