The Manning Company has financial statements as shown next, which are representative of the company's historical average. The fimm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store Among liabilitles, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxe Dividends $200,000 149.600 $ 50,400 9. 2ee 5 41,200 17,200 $ 24,000 $ 6,00 Assets Cash Accounts receivable Inventory Current sets Led assets Balance Sheet Liabilities and Stockholders' Equity 3 6.000 Accounts payable 55,00 Accrued as 69,000 Accrued taxes 5 130.000 Current abilities Notes able Long tar det Costo Netained warning 3.217.000 Total land to holders uity 5:22. 230 de 5. 1,200 20.000 120.000 Total arts 312.000 Using the percent of soles method. determine whether the company has exteri financing needs, or a surplus of funds. (Hint A profit margin and payout ratio must be found from the income statement) (Do not found Intermediate calculations.) The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the exisung store. Among liabilities, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Larning before the $20.00 209608 550.400 Earnings after taxes Dividends $ 1,20 12200 $ 24,00 $5.00 27. Assets Cash Accounts receivable Inventory Current sett Fixed assets Balance Sheet Liabilities and Stockholders Equity $6,000 Accounts payable 55,00 Accrued wages 69. Accrued taxes $ 130,000 Current liabilities 87.000 Notes payable Long ters debt Common stock Retainet earnings 3.217.00 Totilities and stockholdersity $30.000 9,200 26,00 126,000 25. $ 27.000 total Using the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. (Hint: A profit margin and payout ratio must be found from the income statement) (Do not round Intermediate calculations.) Tham The Manning Company has financial statements as shown next, which are representative of the company's historical average. The fimm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store Among liabilitles, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxe Dividends $200,000 149.600 $ 50,400 9. 2ee 5 41,200 17,200 $ 24,000 $ 6,00 Assets Cash Accounts receivable Inventory Current sets Led assets Balance Sheet Liabilities and Stockholders' Equity 3 6.000 Accounts payable 55,00 Accrued as 69,000 Accrued taxes 5 130.000 Current abilities Notes able Long tar det Costo Netained warning 3.217.000 Total land to holders uity 5:22. 230 de 5. 1,200 20.000 120.000 Total arts 312.000 Using the percent of soles method. determine whether the company has exteri financing needs, or a surplus of funds. (Hint A profit margin and payout ratio must be found from the income statement) (Do not found Intermediate calculations.) The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the exisung store. Among liabilities, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Larning before the $20.00 209608 550.400 Earnings after taxes Dividends $ 1,20 12200 $ 24,00 $5.00 27. Assets Cash Accounts receivable Inventory Current sett Fixed assets Balance Sheet Liabilities and Stockholders Equity $6,000 Accounts payable 55,00 Accrued wages 69. Accrued taxes $ 130,000 Current liabilities 87.000 Notes payable Long ters debt Common stock Retainet earnings 3.217.00 Totilities and stockholdersity $30.000 9,200 26,00 126,000 25. $ 27.000 total Using the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. (Hint: A profit margin and payout ratio must be found from the income statement) (Do not round Intermediate calculations.) Tham
