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The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 39,600 Assets $ 145,000 Debt $ 42,000 Costs
| The most recent financial statements for Mixton, Incorporated, are shown here: |
| Income Statement | Balance Sheet | ||||
|---|---|---|---|---|---|
| Sales | $ 39,600 | Assets | $ 145,000 | Debt | $ 42,000 |
| Costs | 27,000 | Equity | 103,000 | ||
| Taxable income | $ 12,600 | Total | $ 145,000 | Total | $ 145,000 |
| Taxes (25%) | 3,150 | ||||
| Net income | $ 9,450 | ||||
| Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,300 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $45,144. |
| What is the external financing needed? |
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
