Question
INCOME STATEMENT Sales $30,000 Costs 20,000 Taxable Income $8,000 Taxes (40%) 3,200 Net Income $4,800 BALANCE SHEET Assests $56,100 Total $56,100 Debt $20,500 Equity $35,600
INCOME STATEMENT
Sales $30,000
Costs 20,000
Taxable Income $8,000
Taxes (40%) 3,200
Net Income $4,800
BALANCE SHEET
Assests $56,100
Total $56,100
Debt $20,500
Equity $35,600
Total Debt and Equity $56,100
| Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,200 was paid, and the company wishes to maintain a constant payout ratio. Next year |
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas
5th Edition
1119553849, 9781119553847
