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The most recent financial statements of REM are presented below. Status of the results Statement of financial position Sales $ 400 Active $ 1200 Debt
The most recent financial statements of REM are presented below. Status of the results Statement of financial position Sales $ 400 Active $ 1200 Debt $ 600 Costs 200 Own funds 600 Tax 50 Total 1200 Total $ 1200 Net profit $ 150 Assets and costs are proportional to sales. Debts are not. A dividend of $ 90 has been paid, and REM wishes to maintain a constant ratio between dividend and net income. Next year's sales are expected to be $ 480. Estimate the necessary external funds Options for question 20: $ 168.00 $ 240.00 None of these answers
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