Wilson's is currently operating at maximum capacity. The firm has a net income of $2,250, total...
Wilson's is currently operating at maximum capacity. The firm has a net income of $2,250, total assets of $24,600, long-term debt of $9,800, accounts payable of $2,700, dividends of $900, and total equity of $12,100. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 5 percent? -323
0
-467
108
367
Homework Answers
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Wilson's is currently operating at maximum capacity. The firm
has a net income of $2,250, total...
Sales are expected to increase by 3 percent next year
TABLE 1 Sales $47,000Current assets of $ 5,100,Current liabilities $ 6,200, Cost 44,650Net fixed assets of $51,500Owners Equity 50, 400 Net Income 2,35056,600Owners Equ & Liab. 56,600Sales are expected to increase by 3 percent next year. Net Income, that is, Net Profit Margin (NPM) is 5% of Sales. The firm has no long term debt and does not plan on acquiring any. The firm does not pay any dividends and all assets, short term liabilities, and costs vary directly with...
LL Companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total...
LL Companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. Assets and costs are proportional to sales. Debt and equity are not. A dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $10,584. What is the amount of the external financing need?
BK Metals is currently operating at full capacity. The profit margin and the dividend payout ratio...
BK Metals is currently operating at full capacity. The profit margin and the dividend payout ratio are held constant. Net working capital and fixed assets vary directly with sales. The company currently has current liabilities of $3,950, long-term debt of $14,700, net working capital of $7,850, net fixed assets of $27,600, owners' equity of $20,750, net income of $2,900, and dividends paid of $870. What is the external financing need if sales increase by 11 percent? A -768 B. -145...
3. The following balance sheet and income statement should be used. This company is currently operating...
3. The following balance sheet and income statement should be used. This company is currently operating at 82% of capacity. The profit margin and the dividend payout ratio are constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 20 percent. What is the external financing need? A. -$736 Full copacity sol takes Net income B. -$487 C. $1,144 Utilization 46680 D. $5,708 E. $6,768 full Sales - 38900 Ratio $38,900 x 1.2...
16 and 17 please. first photo has numbers Income Statement Net sales $5,800 Less: Cost of...
16 and 17 please. first photo has numbers
Income Statement Net sales $5,800 Less: Cost of goods sold 3,850 Less: Depreciation 460 Earnings before interest and taxes 1,490 Less: Interest paid 270 Taxable income $1,220 Less: Taxes 320 Net income Dividends $630 Cash Accounts rec. Inventory Total Net fixed assets Total assets Balance Sheet $ 630 Accounts payable 810 Long-term debt 540 Common stock $1,980 Retained earnings 4.930 $6.910 Total liab. & equity S 850 3,010 2,200 850 $6.910 5...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent?
Wanye is currently operating at 88 percent of capacity. All costs and net working capital vary...
Wanye is currently operating at 88 percent of capacity. All costs and net working capital vary directly with sales. What is the amount of the pro forma net fixed assets for next year if sales are projected to increase by 13 percent and the firm currently has $33,600 of net fixed assets?
If the firm is operating at full capacity and no new debt or equity is issued,...
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 growth rate in sales? (Do not round intermediate
calculations and round your answer to the nearest whole number,
e.g., 32.)
External financing needed
$
The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings 2009 Balance Sheet Cash $3,160 Accounts Payable Accounts rec 4,160 Long-term debt Inventory 6,480 Common stock Total $13,800 Retained earnings Net fixed assets 29.400 Total assets $43,200 Total liabilities & equity $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 $8,120 21,200 7,500 6,380 543,200 HLM, Ine. is...
Use the following information to answer questions 1 - 3 Exhale, Inc. 2012 Income Statement Net...
Use the following information to answer questions 1 - 3 Exhale, Inc. 2012 Income Statement Net sales $ 9,200 Cost of goods sold 7,600 Depreciation 350 Earnings before interest and taxes $ 1,250 Interest paid 35 Taxable Income $ 1,215 Taxes 480 Net income $ 735 Dividends $ 195 Exhale, Inc. 2012 Balance Sheet 2012 2012 Cash $ 3,800 Accounts payable $ 3,420 Accounts rec. 1,100 Long-term debt 350 Inventory 4,100 Common stock $ 4,200...
LL Companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. Assets and costs are proportional to sales. Debt and equity are not. A dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $10,584. What is the amount of the external financing need?
3. The following balance sheet and income statement should be used. This company is currently operating at 82% of capacity. The profit margin and the dividend payout ratio are constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 20 percent. What is the external financing need? A. -$736 Full copacity sol takes Net income B. -$487 C. $1,144 Utilization 46680 D. $5,708 E. $6,768 full Sales - 38900 Ratio $38,900 x 1.2...
16 and 17 please. first photo has numbers
Income Statement Net sales $5,800 Less: Cost of goods sold 3,850 Less: Depreciation 460 Earnings before interest and taxes 1,490 Less: Interest paid 270 Taxable income $1,220 Less: Taxes 320 Net income Dividends $630 Cash Accounts rec. Inventory Total Net fixed assets Total assets Balance Sheet $ 630 Accounts payable 810 Long-term debt 540 Common stock $1,980 Retained earnings 4.930 $6.910 Total liab. & equity S 850 3,010 2,200 850 $6.910 5...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent?
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 growth rate in sales? (Do not round intermediate
calculations and round your answer to the nearest whole number,
e.g., 32.)
External financing needed
$
The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings 2009 Balance Sheet Cash $3,160 Accounts Payable Accounts rec 4,160 Long-term debt Inventory 6,480 Common stock Total $13,800 Retained earnings Net fixed assets 29.400 Total assets $43,200 Total liabilities & equity $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 $8,120 21,200 7,500 6,380 543,200 HLM, Ine. is...
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