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The most recent financial statements for Mc Govney Co. are shown here: Income Statement Balance Sheet Sales $ 50,000 Current assets $ 24,000 Long-term debt
| The most recent financial statements for Mc Govney Co. are shown here: |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 50,000 | Current assets | $ | 24,000 | Long-term debt | $ | 54,500 | |||
| Costs | 38,000 | Fixed assets | 91,000 | Equity | 60,500 | ||||||
| Taxable income | $ | 12,000 | Total | $ | 115,000 | Total | $ | 115,000 | |||
| | | | | ||||||||
| Taxes (34%) | 4,080 | ||||||||||
| Net income | $ | 7,920 | |||||||||
| | | ||||||||||
Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt |
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
