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I need a detailed process, thank you. MUNICH EXPORTS CORPORATION BALANCE SHEETS 2018 Cash $ 50,000 Accounts receivable 200,000 Inventories 450,000 Total current assets 700,000
I need a detailed process, thank you.
MUNICH EXPORTS CORPORATION BALANCE SHEETS 2018 Cash $ 50,000 Accounts receivable 200,000 Inventories 450,000 Total current assets 700,000 Fixed assets, net 300,000 Total assets $1,000,000 Accounts payable $ 130,000 Accruals 50,000 Bank loan 90,000 Total current liabilities 270,000 Long-term debt 400,000 Common stock ($0.05 par) 50,000 Additional paid-in-capital 200,000 Retained earnings 80,000 Total liabilities and equity $1,000,000 INCOME STATEMENTS 2018 Net sales $1,300,000 Cost of goods sold 780,000 Gross profit 520,000 Marketing 130,000 General and administrative 150,000 Depreciation 40,000 EBIT $ 200,000 Interest 45,000 Earnings before taxes 155,000 Income taxes (40% rate) 62,000 Net income $ 93,000 Cash dividends $ 37,000 Added Retained Earnings 56,000 2019 $ 50,000 300,000 570,000 920,000 380,000 $1,300,000 $ 180,000 70,000 90,000 340,000 550,000 50,000 200,000 160,000 $1,300,000 2019 $1,600,000 960,000 640,000 160,000 150,000 55,000 $ 275,000 55,000 220,000 88,000 $ 132,000 $ 52,000 70,000 a. Sustainable Growth Rate? . b. Sustainable Growth Rate with no dividends? c. AFN with 40% growth rate? . d. AFN over 2 years with 40% and 20% growthStep by Step Solution
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