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Owen s Electronics has nine operating plants in seven southwestern states. Sales for last year were $ 1 0 0 million, and the balance sheet
Owens Electronics has nine operating plants in seven southwestern states. Sales for last year were $ million, and the balance sheet at yearend is similar in percentage of sales to that of previous years and this will continue in the future All assets including fixed assets and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet in $ millions Assets Liabilities and Stockholders' Equity Cash $ Accounts payable $ Accounts receivable Accrued wages Inventory Accrued taxes Current assets $ Current liabilities $ Fixed assets Notes payable Common stock Retained earnings Total assets $ Total liabilities and stockholders' equity $ Owens Electronics has an aftertax profit margin of percent and a dividend payout ratio of percent. If sales grow by percent next year, determine how many dollars of new funds are needed to finance the growth. Note: Do not round intermediate calculations. Enter your answer in dollars, not millions, eg $
Owens Electronics has nine operating plants in seven southwestern states. Sales for last year were $ million, and the balance sheet at yearend is similar in percentage of sales to that of previous years and this will continue in the future All assets including fixed assets and current liabilities will vary directly with sales. The firm is working at full capacity.
Balance Sheet in $ millions
Assets Liabilities and Stockholders' Equity
Cash $ Accounts payable $
Accounts receivable Accrued wages
Inventory Accrued taxes
Current assets $ Current liabilities $
Fixed assets Notes payable
Common stock
Retained earnings
Total assets $ Total liabilities and stockholders' equity $
Owens Electronics has an aftertax profit margin of percent and a dividend payout ratio of percent.
If sales grow by percent next year, determine how many dollars of new funds are needed to finance the growth.
Note: Do not round intermediate calculations. Enter your answer in dollars, not millions, eg $
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