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Intro Below are the balance sheet and income statement for Square Chair Pasta, actual for 2019 and expected for 2020. All numbers are in $
Intro Below are the balance sheet and income statement for Square Chair Pasta, actual for 2019 and expected for 2020. All numbers are in $ million. Balance Sheet 2019 2020E Current assets 66 72 Net fixed assets 154 Total assets 220 Current liabilities 44 48 Long-term debt 110 110 Equity 66 Total L&E Income Statement 2019 2020E Sales 156 179 Costs 94 107 Depreciation 31 36 EBIT 31 36 11 11 Interest Taxes Net income 4 5 220 16 20 Part 1 Attempt 1/10 for 10 pts. What is the expected value of net fixed assets if the company wants to invest (net of any sales) $62 in fixed assets in 2020 (in $ million)? 0+ decima Submit Part 2 1 Attempt 1/10 for 10 pts. What is the expected value of equity if the company does not sell or repurchase any shares and the dividend payout ratio is 80% (in $ million)? 0+ decima Submit Part 3 "Attempt 1/10 for 10 pts. What is the external funding required (EFR) for next year (in $ million)? 0+ decima Submit
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