Homework Answers
New sales = 7900*115% = 9085
New Costs = 5500* 115% = 6325
Taxable income = 9085 - 6325 = 2760
Tax@25% = 690
Net income = 2760 - 690 = 2070
Dividend payout is at 40%, plowback is at 60%
Plowback@60% = 2070 * 60% = 1242
Previous equity was 6,700, after plowback addition new equity will be 6700 + 1242 = 7942
New total assets = 12500 * 115% = 14375
New current liabilities = 2100 *115% = 2415
External financing = Total assets - total equity - total liabilities
=14375 - 7942 - 2415 - 3700
=$318
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3.
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CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. 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 industry, next year’s sales are projected to increase by exactly 15 percent. The firm is operating at full capacity and no new debt or equity is issued. income statement Balance sheet Sales $7,900 Current assets $3,900...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance...
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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance...
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The most recent financial statements for Assouad, Inc., are shown here: Balance Sheet Income Statement Sales...
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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...
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...
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