Question
I nc Statement Bal Sheet sales $34,000 assets $57,700 debt $22,500 costs 24,500 equity 35,200 taxable inc 9,500 total $57,700 total $57,700 taxes (40%) 3,800
Inc Statement Bal Sheet
sales $34,000 assets $57,700 debt $22,500
costs 24,500 equity 35,200
taxable inc 9,500 total $57,700 total $57,700
taxes (40%) 3,800
Net Inc $5,700
assets and costs are proportional to sales. debt and equity are not. a dividend of $2,000 was paid and the company wants to maintain a constant payout ratio. next years sales are projected to be $37,400 . what is the external financing needed?
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The Legal Environment Today Summarized Case Edition
Authors: Roger LeRoy Miller
8th Edition
130526276X, 978-1305279407, 1305279409, 978-1305704930, 1305704932, 978-1305262768
