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8. Calculating EFN The most recent financial statements for incredible Edibles, Inc., are shown here (assuming...
Problem 4-3 Calculating EFN (LO2] The most recent financial statements for Kerch, Inc. are shown here...
Problem 4-3 Calculating EFN (LO2] The most recent financial statements for Kerch, Inc. are shown here (assuming no income taxes): Income Statement Sales $ 7.600 Costs 5,020 Assets Balance Sheet $19,100 Debt Equity $7,000 12.100 Net income $2,580 Total $19,100 Total $19,100 Assets and costs are proportional to sales, Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,500. What is the external financing needed? (Do not round intermediate calculations and round your...
4. EFN [LO2] The most recent financial statements for Cardinal, Inc., are shown here: Income Statement...
4. EFN [LO2] The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $25,400 Assets Costs 17,300 Taxable income $ 8,100 Total Taxes (21%) 1,701 Net income $ 6,399 Balance Sheet $61,000 Debt Equity $61,000 Total $26,900 34,100 $61,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,210. What...
Problem 4-5 EFN (LO2] The most recent financial statements for Assouad, Inc., are shown here: Income...
Problem 4-5 EFN (LO2] The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $10,500 Balance Sheet Current assets $ 4.950 Current liabilities Fixed assets 9,900 Long-term debt $ 3,075 Costs 7.450 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...
please show all work 4. EFN The most recent financial statements for Cornell, Inc., are shown...
please show all work
4. EFN The most recent financial statements for Cornell, Inc., are shown here: INCOME STATEMENT $43,000 30,200 Taxable income $12,800 4,352 Net income 8,448 BALANCE SHEET $104,500 $104,500 28,200 76,300 $104,500 Assets Debt Sales Costs Equity Total Total Taxes (34%) Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $50,310....
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement...
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales $ 6,500 Costs 4,610 Net income $ 1,890 Assets Statement of Financial Position $ 26,500 Debt Equity $ 26,500 Total $12,500 14,000 $26,500 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and...
Problem 4-3 Calculating EFN [LO2] The most recent financial statements for Hornick, Inc., are shown here...
Problem 4-3 Calculating EFN [LO2] The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Balance Sheet 6,150 quity 13,200 S 6,800 Assets $19,350 Debt 4,750 Net income S 2,050 Tot$19,350 Total $19,350 sales are projected to be $8,024. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed
The most recent financial statements for Horn, Inc. are show below (assume no income taxes.)
The most recent financial statements for Horn, Inc. are show below (assume no income taxes.) Assets and costs are proportional to sales. Debt and equity are not. Not dividends are paid. Next year's sales are projected to be $8.968. What is the external financing needed (EFN)? Income Statement Balance Sheet Sales $7,600 Assets $21,700 Debt $9,100 Costs $5,180 Equity $12,600 Net Income $2,420 Total $21,700 Total $21,700
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 Martin, Inc., are shown here: Income Statement Sales Costs Taxable...
The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (34%) Net income $ 27,500 (16,500) $ 11,000 (3,740) $ 7,260 Assets Balance Sheet $ 104,500 Debt Equity $ 104,500 Total $ 45,000 59,500 $ 104,500 Total Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,105 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,450....
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income...
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 8,400 Assets $ 14,000 Debt $ 6,000 Costs 6,390 Equity 8,000 Net income $ 2,010 Total $ 14,000 Total $ 14,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $9,996. What is the external financing needed? (Do not round intermediate calculations and round your...
Problem 4-3 Calculating EFN (LO2] The most recent financial statements for Kerch, Inc. are shown here (assuming no income taxes): Income Statement Sales $ 7.600 Costs 5,020 Assets Balance Sheet $19,100 Debt Equity $7,000 12.100 Net income $2,580 Total $19,100 Total $19,100 Assets and costs are proportional to sales, Debt and equity are not. No dividends are paid. Next year's sales are projected to be $9,500. What is the external financing needed? (Do not round intermediate calculations and round your...
4. EFN [LO2] The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $25,400 Assets Costs 17,300 Taxable income $ 8,100 Total Taxes (21%) 1,701 Net income $ 6,399 Balance Sheet $61,000 Debt Equity $61,000 Total $26,900 34,100 $61,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,210. What...
Problem 4-5 EFN (LO2] The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $10,500 Balance Sheet Current assets $ 4.950 Current liabilities Fixed assets 9,900 Long-term debt $ 3,075 Costs 7.450 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...
please show all work
4. EFN The most recent financial statements for Cornell, Inc., are shown here: INCOME STATEMENT $43,000 30,200 Taxable income $12,800 4,352 Net income 8,448 BALANCE SHEET $104,500 $104,500 28,200 76,300 $104,500 Assets Debt Sales Costs Equity Total Total Taxes (34%) Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $50,310....
The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales $ 6,500 Costs 4,610 Net income $ 1,890 Assets Statement of Financial Position $ 26,500 Debt Equity $ 26,500 Total $12,500 14,000 $26,500 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and...
Problem 4-3 Calculating EFN [LO2] The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Balance Sheet 6,150 quity 13,200 S 6,800 Assets $19,350 Debt 4,750 Net income S 2,050 Tot$19,350 Total $19,350 sales are projected to be $8,024. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed
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 Martin, Inc., are shown here: Income Statement Sales Costs Taxable income Taxes (34%) Net income $ 27,500 (16,500) $ 11,000 (3,740) $ 7,260 Assets Balance Sheet $ 104,500 Debt Equity $ 104,500 Total $ 45,000 59,500 $ 104,500 Total Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,105 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,450....
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