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what is the firm's projected assets in 2015? Fox Inc. had sales of $6,000,000 in 2014 and a tax rate of 30%. The cost of
what is the firm's projected assets in 2015?
Fox Inc. had sales of $6,000,000 in 2014 and a tax rate of 30%. The cost of goods sold was 75% of sales and the firm's SGA was 10% of sales (which includes depreciation). Fox had $2 million of debt with a coupon of 5% and total assets of $4,500,000. The company has been paying out 45% of its net income for dividends. And Fox Inc plans to grow sales by 15% in 2015. Assuming the basic structure of earnings and the balance sheet with respect to soles remains the same. What is the firm's projected assets in 2015? Less than $4,500,000 Between $4,500,000 and $5,000,000 Between $5,000,000 and $5,500,000 Above $5,500,000
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