Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Actual Forecast Year 2014 2015 Net sales $22,000 Growth rate in net sales 20.0% Cost at goods soldet sales 86.0% Gen., sell., and admin. expenseset

image text in transcribedimage text in transcribed

Actual Forecast Year 2014 2015 Net sales $22,000 Growth rate in net sales 20.0% Cost at goods soldet sales 86.0% Gen., sell., and admin. expenseset sales 12.0% Long-term debt $760 $660 Current portion long-term debt $100 $100 Interest rate 7.0% Tax rate 45.0% Dividend/earnings after tax 25.0% Current assetset sales 29.0% Net fixed assets $280 (Current liabilities except current portion of long term debt)et sales 14.0% Owners equity $1,730 Question 1 of 4 2.5 Points Click to see additional instructions How much is R&E's projected total assets for 2015? Mark for Review What's This? Click to see additional instructions Disregarding financing feedback, how much is R&E's projected external financing required in 2015? Mark for Review What's This? Question 3 of 4 2.5 Points Click to see additional instructions Considering (not disregarding) financing feedback, how much is R&E's projected external financing required in 2015? Mark for Review What's This? Question 4 of 4 2.5 Points Click to see additional instructions Disregarding financing feedback, how much is R&E's projected external financing required for 2015 if the ratio of cost of goods sold to net sales declines from 86.0 percent to 84.0 percent? Mark for Review What's This? Actual Forecast Year 2014 2015 Net sales $22,000 Growth rate in net sales 20.0% Cost at goods soldet sales 86.0% Gen., sell., and admin. expenseset sales 12.0% Long-term debt $760 $660 Current portion long-term debt $100 $100 Interest rate 7.0% Tax rate 45.0% Dividend/earnings after tax 25.0% Current assetset sales 29.0% Net fixed assets $280 (Current liabilities except current portion of long term debt)et sales 14.0% Owners equity $1,730 Question 1 of 4 2.5 Points Click to see additional instructions How much is R&E's projected total assets for 2015? Mark for Review What's This? Click to see additional instructions Disregarding financing feedback, how much is R&E's projected external financing required in 2015? Mark for Review What's This? Question 3 of 4 2.5 Points Click to see additional instructions Considering (not disregarding) financing feedback, how much is R&E's projected external financing required in 2015? Mark for Review What's This? Question 4 of 4 2.5 Points Click to see additional instructions Disregarding financing feedback, how much is R&E's projected external financing required for 2015 if the ratio of cost of goods sold to net sales declines from 86.0 percent to 84.0 percent? Mark for Review What's This

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: E Thomas Garman, Raymond Forgue

11th Edition

1111531013, 9781111531010

More Books

Students also viewed these Finance questions