Homework Answers
Answer:
Working:
Dividend payout ratio = 31335 / 101080 = 31%
∆ Sales = 747000 * 20% = $149,400
EFN = (Assets / Sales) * ∆ Sales - (Spontaneous liabilities / Sales) * ∆ Sales - Projected Net Income * (1 - Dividend Payout ratio)
= 579180 /747000 * 149400 - (54800 /747000) *149400 - 123424 * (1 - 31%)
= $19713.44
EFN = $19,713.44
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The most recent financial statements for Scott, Inc., appear
below. Sales for 2020 are projected to grow by 20 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate also will remain constant. Costs, other expenses, current
assets, fixed assets, and accounts payable increase spontaneously
with sales.
If the firm is operating at full capacity and no new debt or
equity is issued, what external financing is needed to support the
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below. Sales for 2020 are projected to grow by 20 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate also will remain constant. Costs, other expenses, current
assets, fixed assets, and accounts payable increase spontaneously
with sales.
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...
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