Question
The Paper Mill is operating at full capacity, Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The
The Paper Mill is operating at full capacity, Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, urrent labilities of $3,650, long-term debt of $18,100, owners' equity of $27150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent? Mutiple Choice -$1.268 O $3.504 $2.260 $1031 -%241.016
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
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