Question
Sales= $23,300 Costs- $16,500 Taxable income= $6800 Taxes (23%) = $1564 Net income= $5236 Assets= $116,000 Debt= $36600 equity= $79400 Assets and costs are proportional
Sales= $23,300
Costs- $16,500
Taxable income= $6800
Taxes (23%) = $1564
Net income= $5236
Assets= $116,000
Debt= $36600
equity= $79400
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,650 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,100.
What is the external financing needed?
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan
17th Edition
0135628474, 9780135628478
