Income Statement Balance Sheet Sales $ 96,600 Current assets $ 36,500 Debt $ 47,400 Costs 68,850...
| Income Statement | Balance Sheet | |||||||
| Sales | $ | 96,600 | Current assets | $ | 36,500 | Debt | $ | 47,400 |
| Costs | 68,850 | Fixed assets | 95,900 | Equity | 85,000 | |||
| Taxable income | $ | 27,750 | Total | $ | 132,400 | Total | $ | 132,400 |
| Tax | 6,938 | |||||||
| Net Income | $ | 20,812 | ||||||
|
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external financing is possible. |
|
|
What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
|
Homework Answers
Internal growth rate= ROA × b / 1-ROA × b
b= retention ratio= 1- dividend payout ratio
b=1-0.4=0.6
Return on Assets = Net income / total Assets
ROA= 20812/ 132400= 15.72%
Internal growth rate= (0.1572×0.6) /(1-(0.1572×0.6))
Internal growth rate= 0.09432/ (1-0.09432)= 10.41%
Add Answer to:
Income Statement
Balance Sheet
Sales
$
96,600
Current assets
$
36,500
Debt
$
47,400
Costs
68,850...
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3.
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2. Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable...
2.
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3.
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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current $8,700 assets $3,600 Current $ 2,400 liabilities Long-term 6,100 Fixed assets 9,000 3,980 Taxable income $2,600 Equity 6,220 Taxes (24%) 624 Total $12,600 Total $12,600 Net income $1,976 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. As with every other firm in its industry, next...
2.
Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable 8,100 Total $61.000 Total $ 61000 income Taxes (21%) 1701 Net incomes 6,399 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,210. What is the external financing needed? (Do not round intermediate calculations.)
2.
Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable 8,100 Total $61.000 Total $ 61000 income Taxes (21%) 1701 Net incomes 6,399 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,210. What is the external financing needed? (Do not round intermediate calculations.)
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