{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-10T05:30:43-04:00", "answer_date": "2024-06-10 05:30:43", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2569917", "url": "\/study-help\/questions\/will-you-help-me-figure-out-the-efn-below-nect-2569917", "question_creation_date_js": "2024-06-10T05:30:43-04:00", "question_creation_date": "Jun 10, 2024 05:30 AM", "meta_title": "[Solved] Will you help me figure out the EFN below | SolutionInn", "meta_description": "Answer of - Will you help me figure out the EFN below? nect CO ezto.mheducation.com\/ext\/map\/index.html?_con=con&external_browser=0 | SolutionInn", "meta_keywords": "will,help,figure,efn,below,nect,eztomheducation\/ext\/map\/indexhtml,con=con,external,browser=08launchurl=https%253a9%252f%252fnewconnectmheducation%252f,\/ac,3", "question_title_h1": "Will you help me figure out the EFN below? nect CO ezto.mheducation.com\/ext\/map\/index.html?_con=con&external_browser=08launchUrl=https%253A9%252F%252Fnewconnect.mheducation.com%252F#\/ac 3 The most recent financial statements for Scott, Inc., appear below. Sales for", "question_title": "Will you help me figure out the EFN below? nect CO ezto.mheducation.com\/ext\/map\/index.html?_con=con&external_browser=08launchUrl=https%253A9%252F%252Fnewconnect.mheducation.com%252F#\/ac", "question_title_for_js_snippet": "Will you help me figure out the EFN below nect CO ezto mheducation com ext map index html con con external browser 08launchUrl https 253A9 252F 252Fnewconnect mheducation com 252F ac 3 The most recent financial statements for Scott, Inc , appear below Sales for 2020 are projected to grow by 30 percent Interest expense will remain constant the tax rate and the dividend payout rate also will remain constant Costs, other expenses, current 10 assets, fixed assets, and accounts payable increase spontaneously with sales points SCOTT, INC 2019 Income Statement Sales $ 755,000 Book Costs 590,000 Other expenses 26,000 Earnings before interest Print and taxes $ 139,000 Interest expense 22,000 References Taxable income $ 117,000 Taxes (22 ) 25,740 Net income $ 91,260 Dividends $ 28,291 Addition to retained earnings 62,969 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,440 Accounts payable $ 55,600 Accounts receivable 44,380 Notes payable 14,800 Inventory 99 960 Total $ 70,400 Total $ 165,780 Long term debt $ 138,000 Fixed assets Owners' equity Net plant and Common stock and paid in $ 118,500 equipment $ 431,000 surplus Retained earnings 269,880 Total $388,380 Total assets $596,780 Total liabilities and owners equity $ 596,780 Graw Type here to searchConnect C D ezto mheducation com ext mapogg kim forever set 3 Taxable income $ 117,000 Taxes (22 ) 25,740 10 Net income $ 91,260 points Dividends $ 28,291 Addition to retained earnings 62,969 Book SCOTT, INC Balance Sheet as of December 31, 2019 Print Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,440 Accounts payable $ 55,600 References Accounts receivable 44,380 Notes payable 14,800 Inventory 99,960 Total $ 70,400 Total $ 165,780 Long term debt $ 138,000 Fixed assets Owners' equity Net plant and equipment $ 431,000 Common stock and paid in surplus $ 118,500 Retained earnings 269,880 Total $388,380 Total assets $596,780 Total liabilities and owners equity $ 596,780 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales (Do not round intermediate calculations ) EFN Graw", "question_description": "\"image\"image

Will you help me figure out the EFN below?<\/p>

\"image\"image<\/div><\/div><\/div> nect CO ezto.mheducation.com\/ext\/map\/index.html?_con=con&external_browser=08launchUrl=https%253A9%252F%252Fnewconnect.mheducation.com%252F#\/ac 3 The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current 10 assets, fixed assets, and accounts payable increase spontaneously with sales. points SCOTT, INC. 2019 Income Statement Sales $ 755,000 Book Costs 590,000 Other expenses 26,000 Earnings before interest Print and taxes $ 139,000 Interest expense 22,000 References Taxable income $ 117,000 Taxes (22%) 25,740 Net income $ 91,260 Dividends $ 28,291 Addition to retained earnings 62,969 SCOTT, INC! Balance Sheet as of December 31, 2019 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,440 Accounts payable $ 55,600 Accounts receivable 44,380 Notes payable 14,800 Inventory 99.960 Total $ 70,400 Total $ 165,780 Long-term debt $ 138,000 Fixed assets Owners' equity Net plant and Common stock and paid-in $ 118,500 equipment $ 431,000 surplus Retained earnings 269,880 Total $388,380 Total assets $596,780 Total liabilities and owners equity $ 596,780 Graw Type here to searchConnect C D ezto.mheducation.com ext\/mapogg kim forever set 3 Taxable income $ 117,000 Taxes (22%) 25,740 10 Net income $ 91,260 points Dividends $ 28,291 Addition to retained earnings 62,969 Book SCOTT, INC. Balance Sheet as of December 31, 2019 Print Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,440 Accounts payable $ 55,600 References Accounts receivable 44,380 Notes payable 14,800 Inventory 99,960 Total $ 70,400 Total $ 165,780 Long-term debt $ 138,000 Fixed assets Owners' equity Net plant and equipment $ 431,000 Common stock and paid-in surplus $ 118,500 Retained earnings 269,880 Total $388,380 Total assets $596,780 Total liabilities and owners equity $ 596,780 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations.) EFN Graw", "transcribed_text": "", "related_book": { "title": "Intermediate accounting", "isbn": "978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094", "edition": "7th edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/270.jpg", "uri": "\/textbooks\/intermediate-accounting-7th-edition-270", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8530404689", "uri": "\/textbooks\/python-simply-in-depth-1st-edition-979-8530404689-159057", "name": "Python Simply In Depth", "edition": "1st Edition" }, "question_posted": "2024-06-10 05:30:43", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/tuning-instrument.-musician-tunes-the-c-string-of-her", "description": "Tuning an Instrument. A musician tunes the C-string of her instrument to a fundamental frequency of 65.4 Hz. The vibrating portion of the string is 0.600 m long and has a mass of 14.4 g. 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