Question
Sun, Inc., had the following operating results for fiscal year 2016: COGS = $150,000, Current liabilities = $50,000; Fixed assets = $50,000; Depreciation = $40,000,
Sun, Inc., had the following operating results for fiscal year 2016:
COGS = $150,000, Current liabilities = $50,000; Fixed assets = $50,000; Depreciation = $40,000, Interest expense = $10,000, Inventory = $20,000, Long-term debt = $70,000, NWC $30,000, Tax rate = 20%, and Addition to retained earnings = $48,000.
If the dividend payout ratio is 40%, what is the total sales in fiscal year 2016?
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
