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the change in assumption from previous problem was the forcasfed level of retained esrnings for next hear was $31.8mm Big Test Inc had sales last
the change in assumption from previous problem was the forcasfed level of retained esrnings for next hear was $31.8mm
Big Test Inc had sales last year of stoom. Sales are expected to grow 2018, next year. To support the new sales tevet, the production manager hat indicated that food estets will need to increase by Somm. Last year's balance sheet showed the following: . Current au 50mm Fixed assets - 590mm Accounts Payable=10mm Notes Payable - $20mm Long-term Liabilities - 350mm - Common Stock = $20mm Retained Earnings - $30mm Assuming net margin will be 7% and that the dividend payout ratio will be 40%, what is the firm's DPN? BEWARE OF THE CHANGE IN ASSUMPTIONS FROM PREVIOUS PROBLEM! (Note: un the standard assumptions from lecture) G 516.96mm $28.64mm 529.60mm 526.9mm Step by Step Solution
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