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Item2 2 points eBook HintPrintCheck my work Check My Work button is now enabled5Item 2Item 2 2 points Galehouse Gas Stations Inc. expects sales to
Item2 2 points eBook HintPrintCheck my work Check My Work button is now enabled5Item 2Item 2 2 points Galehouse Gas Stations Inc. expects sales to increase from $1,570,000 to $1,770,000 next year. Galehouse believes that net assets (Assets Liabilities) will represent 60 percent of sales. His firm has an 10 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? b. If the dividend payout is only 20 percent, what effect will this growth have on funds?
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