Sales(11900*1.17) | 13923 |
Costs(8500*1.17) | 9945 |
Taxable income | 3978 |
Taxes(3978*24%) | 954.72 |
Net income | 3023.28 |
Less:Dividends(3023.28*45%) | 1360.476 |
Addition to retained earnings | 1662.804 |
Total assets would be=16600*1.17=19422
Total equity would be=7900+Addition to retained earnings
=7900+1662.804=9562.804
Current liabilities would be=3600*1.17=4212
Total liabilities=Current liabilities+long term debt
=4212+5100=$9312
Total assets=Total liabilities+Total equity
Hence external financing needed=19422-(9562.804+9312)
=$547.2(Approx).
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11.900 Balance...
The most recent financial statements for Assouad, Inc., are shown here: Balance Sheet Income Statement Sales Costs Taxable $3.200 Current $5,400 liabilities assets Current $ 3,300 Long-term 4,820 7,900 Fixed assets 10,200 Long-term Equity 7,480 income Taxes (24%) 768 Total $15,600 Total $15,600 Net income $2,432 Assets, costs, and current liabilities are proportional to sales. Long-term deb are not. The company maintains a constant 40 percent dividend payout ra every other firm in its industry, next year's sales are projected...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $10,700 Current $ 5,100 $ 3,150 Balance Sheet Current Current assets liabilities Fixed assets 10,000 Long-term debt Costs 7,600 4,680 Taxable income $ 3,100 Equity 7,270 Taxes (24%) 744 Total $ 15,100 Total $15,100 Net income $ 2,356 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 44 percent dividend payout ratio. As with every...
the most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $ 7,900 Current assets $ 3,900 Current liabilities $ 2,100 Costs 5,500 Fixed assets 8,600 Long-term debt 3,700 Taxable income $ 2,400 Equity 6,700 Taxes (25%) 600 Total $ 12,500 Total $ 12,500 Net income $ 1,800 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet $8,700 Current assets $3,600 Current 6,100 Fixed assets 9,000 Long-ter $ 2,400 liabilities 3,980 debt 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...
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...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current 4,800 liabilities Current $3000 $10.300 Current Long term 4,540 7,300 Fixed ässets 9,800 . debt Taxable$3,000 income Equity 7060 Taxes (24%) 720 Total $14.600 Total $14.600 Net income $ 2,280 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $9,500 $ 2,700 Balance Sheet Current Current $ 4,200 assets liabilities Fixed assets 9,400 Long-term debt Costs 6,700 4,260 Taxable income $2,800 Equity 6,640 672 Total $13,600 Taxes (24%) Total $13,600 Net Income $ 2,128 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...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $10,500 Current $ 4,950 $ 3,075 assets Balance Sheet Current liabilities Long-term 9,900 debt Costs 7,450 Fixed assets 4,610 Taxable income $ 3,050 Equity 7,165 Taxes (22%) 671 Total $14,850 Total $14,850 Net income $ 2,379 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. As with every other firm...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $ 9,700 Current assets $ 4,350 Current liabilities $ 2,775 Costs 6,850 Fixed assets 9,500 Long-term debt 4,330 Taxable income $ 2,850 Equity 6,745 Taxes (22%) 627 Total $ 13,850 Total $ 13,850 Net income $ 2,223 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet $11,500 Current Current liabilities $ 5,700 $3,450 assets 8,200Fixed assets 10,400 Long-term 4,960 debt Taxable $3,300 Equity 7,690 income Taxes (24%) 792 Total $16,100Total $16,100 Net income $2,508 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 year's...