Sales(8700*1.18) | 10266 |
Costs(6100*1.18) | 7198 |
Taxable income | $3068 |
Taxes@24%(3068*0.24) | $736.32 |
Net income | $2331.68 |
Less:dividend($2331.68*35%) | $816.088 |
Addition to retained earnings | $1515.592 |
Total assets would be=$12600*1.18=$14868
Total equity=$6220+Addition to retained earnings
=$6220+1515.592=$7735.592
Current liabilities=(2400*1.18)=$2832
Total assets=Total equity+Total liabilities
Hence external financing needed=$14868-$7735.592-$(2832+3980)
=$320.41(Approx).
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance...
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: 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 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 $11.900 Balance Sheet Current Current liabilities Long-term Fixed assets 10,600 debt assets $6,000 $ 3,600 Costs 8,500 5,100 Taxable income $3,400 Equity 7,900 Taxes (24%) 816 Total $16,600 Total $16,600 Net income $2,584 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 in its industry,...
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...
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 $10,700 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 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 Balance Sheet Sales $ 10,300 Current assets $ 4,800 Current liabilities $ 3,000 Costs 7,300 Fixed assets 9,800 Long-term debt 4,540 Taxable income $ 3,000 Equity 7,060 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...