Question
Income Statement Balance Sheet Sales $ 33,700 Assets $ 55,000 Debt $ 22,200 Costs 25,300 Equity 32,800 Taxable income $ 8,400 Total $ 55,000 Total
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Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 33,700 | Assets | $ | 55,000 | Debt | $ | 22,200 | |||
| Costs | 25,300 | Equity | 32,800 | ||||||||
| Taxable income | $ | 8,400 | Total | $ | 55,000 | Total | $ | 55,000 | |||
| Taxes (40%) | 3,360 | ||||||||||
| Net income | $ | 5,040 | |||||||||
| Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,900 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $37,070.
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Small Brewery Finance
Authors: Maria Pearman
1st Edition
1938469526, 978-1938469527
