Question
The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $23816 Costs $12615 Taxable Income ? Taxes (40%) ? Net Income
The most recent financial statements for GPS, Inc., are shown here:
| Income Statement | |
| Sales | $23816 |
| Costs | $12615 |
| Taxable Income | ? |
| Taxes (40%) | ? |
| Net Income | ? |
| Balance Sheet | |||
| Assets | $51853 | Debt | $23771 |
| Equity | ? | ||
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1996 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $27317.
What is the external financing needed?
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
