Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how do i find accounts payable? B C D F J G H 4) The dividend payout ratio is 25%. $250,000 140,000 110,000 Use formulas
how do i find accounts payable?
B C D F J G H 4) The dividend payout ratio is 25%. $250,000 140,000 110,000 Use formulas to link to factors in column "F" 100.0% 56.0% 44.0% $275,000 148,500 126,500 10.0% 54.0% 20.8% 57,200 69,300 7 8 Sales 9 COGS 10 Gross Margin 11 12 Expenses 13 EBIT 14 Interest (12%) 15 EBT 16 Inc Tax (43%) 17 Net Income 18 19 20 21 22 23 24 52,000 58,000 9,642 48,358 20,794 27,564 20.8% 23.2% 3.9% 19.3% 8.3% 11.0% 12.0% 69,300 29,799 39.501 43.0% Balance Sheet Assumptions Dividends 25.0% 1) Cash is 9% of sales. 2) Accounts Receivable turnover is 3.6. 3) The inventory period is 250 days. 14) Fixed asset turnover is 1.6. 5) The A/P period is 150 days. 4) Eagle issues 10,000 in common stock. EAGLE OUTFITTERS PROJECTED BALANCE SHEET ASSETS LIABILITIES & EQUITY 25 2011 2011 2012 150 26 Cash 27 A/R 28 Inventory $20,000 70,000 90,000 Instructions Problem 1 2012 $24,750 9.0% Accounts Payable 76,389 3.6 Debt 250 Problem 2 $60,000 110,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started