The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow...
The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales FLEURY, INC 2011 Income Statement Sales Costs Other expenses $ 758,000 593,000 14,000 Earnings before interest and taxes Interest paid $151,000 10,000 Taxable income Taxes (40%) $141,000 56,400 Net income...
The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales FLEURY, INC 2011 Income Statement Sales Costs Other expenses $ 758,000 593,000 14,000 Earnings before interest and taxes Interest paid $151,000 10,000 Taxable income Taxes (40%) $141,000 56,400 Net income...
The most recent financial statements for Fleury Inc., follow. Sales for 2015 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales. FLEURY, INC. 2014 Income Statement Sales $ 757,000 Costs 592,000 Other expenses 13,000 Earnings before interest and taxes $ 152,000 Interest paid 15,000 Taxable income $ 137,000 Taxes (20%) 27,400...
The most recent financial statements for Fleury Inc., follow Sales for 2015 are projected to grow by 25 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales FLEURY, INC 2014 Income Statement Sales Costs Other expenses $754,000 589,000 10,000 Eamings before interest and taxes $155,000 11,000 Interest paid Taxable income $144,000 43,200 Taxes (30%) Net income Dividends...
The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 22 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales. FLEURY, INC. Income Statement Sales $ 572,274 Costs 504,110 Other expenses 16,373 Earnings before interest and taxes $ ? Interest paid 13,013 Taxable income $ ? Taxes (30%) ?...
Question 5. (20 marks) The most recent financial statements for Fleury, Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable Increase spontaneously with sales. CROSBY, INC 2017 Income Statement Sales $755,000 Costs 611,000 Other expenses 25,000 Earnings before interest $ 119,000 and taxes Interest pald 10,800 Taxable income Taxes (22%) $ 108,200 23,804 Net...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $765,000 621,000 30,000 Earnings before interest and taxes Interest paid $ 114.000 14,800 Taxable income Taxes (229) $ 99,200 21.824 Net...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $750,000 585,000 21,000 Earnings before interest $144,000 17000 127,000 and taxes Interest paid Taxable income Taxes (2296) 27,940 Net income 99,060 29,718 Dividends...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $752,000 587,000 23,000 Earnings before interest and taxes Interest paid $ 142,000 19,000 Taxable income Taxes (24%) $ 123,000 29.520 Net Income $...