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Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 36 Balance sheet
Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 36 Balance sheet ($ million) Current assets 14 Debt 28 Costs 28.8 Fixed assets 56 Equity 42 Total 70 Net income 7.2 Total assets 70 Sales, assets and costs are expected to grow by 10% the following year. Part 1 IB | Attempt 1/10 for 10 pts. If company expects to keep Debt-Equity ratio unchanged from year to year, based on your projected figures, what's the amount of dividend ($ million) that company is likely to pay out in the following year? 2+ decimals Submit Part 2 | B|- Attempt 1/10 for 10 pts. If company will not pay dividend in the following year, neither will any equity financing transactions (e.g., new capital injection, share repurchase) occur in the following year, what is your projected debt balance? 1+ decimals
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