Question
XYZ has the following financial information for 2018: Sales = $2M, Net Inc. = $0.4M, Div. = $0.1M C.A. = $0.4M, F.A. = $3.6M ->
XYZ has the following financial information for 2018:
- Sales = $2M, Net Inc. = $0.4M, Div. = $0.1M
- C.A. = $0.4M, F.A. = $3.6M -> Total Assets = 4M
C.L. = $0.2M, LTD = $1M, C.S. = $2M, R.E. = $0.8M
If 2019 sales are projected to be $2.4M, what is the amount of external financing needed, assuming XYZ is operating at full capacity, and the profit margin and payout ratio remain constant? calculate also % change in sales, Projected total assets, and Projected Current Liabilities!
ps : please be detail in mentioning formula such as Profit margin = net income/sales
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
