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VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000)...
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000) 720,000 (130,000) 590,000 (177,000) 413,000 Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income 308,000 Dividends 231,000 309,750 Additions to Retained Earnings 77,000 103,250 This year's Balance Sheet is Balance Sheet Cash 70,000 Accounts pay Notes payable Current Liab 60,000 25,000 85,000 Accounts rec 30,000 Inventory 80,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000)...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 60,000 25,000 85,000 70,000 Accounts pay 30,000 80,000 180,000 Accounts rec Notes payable Inventory Current Liab Current Assets Long-term debt 250,000 Fixed Assets 750.000 Owners' Equity Common stock 90,000 505,000 595,000 Retained earnings Total OE Total Assets 930,000 Total Liab &...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 70,000 Accounts pay 60,000 Accounts rec 30,000 Notes payable 25,000 Inventory 80,000 Current Liab 85,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets 750,000 Owners' Equity Common stock 90,000 505,000...
REFER The most recent financial statements for Reply, Inc., are shown here: oneet Income Statement Sales...
REFER The most recent financial statements for Reply, Inc., are shown here: oneet Income Statement Sales $ 23,700 Costs 14.400 Assets Balance Sheet $ 55,200 Debt Equity $20,400 34,800 Taxable income $ 9,300 Total $ 55,200 Total $55,200 Taxes (40%) 3,720 Net income $ 5,580 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be...
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $9,500 $...
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: Balance Sheet Income Statement Sales...
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...
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 $11.900 Balance...
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...
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...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000) 720,000 (130,000) 590,000 (177,000) 413,000 Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income 308,000 Dividends 231,000 309,750 Additions to Retained Earnings 77,000 103,250 This year's Balance Sheet is Balance Sheet Cash 70,000 Accounts pay Notes payable Current Liab 60,000 25,000 85,000 Accounts rec 30,000 Inventory 80,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 60,000 25,000 85,000 70,000 Accounts pay 30,000 80,000 180,000 Accounts rec Notes payable Inventory Current Liab Current Assets Long-term debt 250,000 Fixed Assets 750.000 Owners' Equity Common stock 90,000 505,000 595,000 Retained earnings Total OE Total Assets 930,000 Total Liab &...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 70,000 Accounts pay 60,000 Accounts rec 30,000 Notes payable 25,000 Inventory 80,000 Current Liab 85,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets 750,000 Owners' Equity Common stock 90,000 505,000...
REFER The most recent financial statements for Reply, Inc., are shown here: oneet Income Statement Sales $ 23,700 Costs 14.400 Assets Balance Sheet $ 55,200 Debt Equity $20,400 34,800 Taxable income $ 9,300 Total $ 55,200 Total $55,200 Taxes (40%) 3,720 Net income $ 5,580 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be...
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: 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 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...
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