The Income statement and Balance Sheet for Kenny Inc., are reported below: Income Statement Balance Sheet Sales $4,200 Assets $15,200 Debt $10,300 Costs 3,450 Equity
| The Income statement and Balance Sheet for Kenny Inc., are reported below: |
| Income Statement | Balance Sheet | ||||
| Sales | $4,200 | Assets | $15,200 | Debt | $10,300 |
| Costs | 3,450 | Equity | 4,900 | ||
| Net income | $750 | Total | $15,200 | Total | $15,200 |
| Assuming no income taxes. Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,962 |
| Estimate the EFN? |
| Multiple Choice |
-
$5,312
-
$5,437
-
$5,182
-
$5,592
-
$5,062
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Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128015845, 978-0128015841
