QUESTION 5 Major Manuscripts, Inc. 2012 Income Statement Net sales $17.100 Cost of goods sold 11.200 Depreciation 1.650 Earnings before interest and taxes 4.250 Interest paid 350 Taxable income $3,900 Taxes 1.300 Net income $2.600 Dividends $950 Major Manuscripts, Inc. 2012 Balance Sheet 2012 Click Save and Submit to save and submit. Click Save All Answers to save all answers. O i Major Manuscripts, Inc. 2012 Balance Sheet 2012 2012 Cash $1.040 $3.350 Accounts payable Long-term debt Accounts reo 700 2.780 Inventory 7.500 Common stock 10.000 Total 9.240 Retained carnings 4.510 Net fixed assets 11.4100 Total assets $20.640 Total liabilities & equity $20.640 Major Manuscripts, Inc. is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 6 percent? $712 -5668 $241 $348 $367 QUESTION 6 The Dog House has net income of $3,450 and total equity of $8,600. The debt-equity ratio is 0.60 and the payout ratio is 30 percent What is the internal growth rate? 14.47 percent Click Save and Submit to sow and submit. Click Save All Answers to save all answers Save All Answer O RI E CH F3 4 Presch Home FE End FB F 10 % 5 4 6 & 7 8 9 0 R. . Y P