Question
TLC Company has collected the following data for 2017: Sales 475,000 Costs 298,000 Assets 600,000 Debt 200,000 Equity 400,000 Dividends 69,030 Tax rate 35% The
TLC Company has collected the following data for 2017:
Sales 475,000
Costs 298,000
Assets 600,000
Debt 200,000
Equity 400,000
Dividends 69,030
Tax rate 35%
The board of XYZ would like sales to grow to $560,500 in 2018. They plan to keep the dividend payout ratio the same. They know that assets and costs will grow proportionate to sales, but debt and equity will not. What will be the external financing needed?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
