Question
How large of a Sales increase can firm have without raising External Funds? Info Given: Sales 2011 = $3,000,000 Assets 2011 = $2,500,000 Current Liabilities
How large of a Sales increase can firm have without raising External Funds?
Info Given:
Sales 2011 = $3,000,000
Assets 2011 = $2,500,000
Current Liabilities 2011 = $1,000,000
Notes Payable 2011 = $300,000
Accounts Payable 2011 = $400,000
Accruals 2011 = $300,000
A0 / S0 remains constant
PM = M = 10%
Retention Ratio = 30%;
*** AFN = 0
??? Find Change in Sales and S1
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
