please help and show all work The most recent financial statements for GPS, Inc., are shown...
please help and show all work The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet Sales $23,900 Assets $124,000 Debt $32,600 Costs 17,200 Equity 91,400 Taxable income $6,700 Total $124,000 Total $124,000 Taxes (35%) 2,345 Net income $4,355
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,630 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,600.
Required: What is the external financing needed?
Multiple Choice
$26,198
$19,830
$234,171
$22,377
$21,103
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please help and show all work The most recent financial
statements for GPS, Inc., are shown...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet $23,600...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet $23,600 Assets $119,000 Debt Sales Costs Taxable income Taxes (35%) $31,600 87,400 $119,000 15,800 $7,800 Total Equity $119,000 Total 2,730 $5,070 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,560 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,800. Required: What is the external financing...
(round 4 decimal places) The most recent financial statements for GPS, Inc., are shown here: ncome...
(round 4 decimal places)
The most recent financial statements for GPS, Inc., are shown here: ncome Statement Sales Costs Taxable Income Taxes (40%) Net Income $22564 $14553 Balance Sheet Assets$53371 Debt $16125 Equity? Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1986 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29289 What is the external financing needed? (Negative amount should be ndicated...
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 Heine, Inc., are shown here: Income Statement Sales Costs Balance...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance Sheet $ 26,900 18,800 $ 63,700 $ 27,900 35,800 Assets Debt Equity $ 63,700 $ 8,100 $ 63,700 Total Taxable income Total Taxes (40%) 3,240 $ 4,860 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 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 Bello, Inc., are shown here: Income Statement Sales $39,000 Costs...
The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $39,000 Costs 26.700 Balance Sheet Assets $142,000 Debt Equity $ 40,500 101,500 Taxable income $ 12,300 Total $142,000 Total $142,000 Taxes (22%) 2,706 Net income $ 9,594 Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,150 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,290. What is the...
2 The most recent financial statements for Cardinal, Inc, are shown here: 10 points Sales Costs...
2 The most recent financial statements for Cardinal, Inc, are shown here: 10 points Sales Costs $25,400 Assets $61,000 Debt$26,900 Equity 34,100 17,300 Taxable s $8,100 Total$61,000 Total $61,000 Income Hint Taxes (21%) 1701 Print Net Income$ 6,399 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 is the external financing needed?...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance Sheet $28,400 Assets 59,300 Debt $25,500 33,800 19,500 Equity Taxable income $ 8,900 Tota$59,300 $59,300 Total $59,300 Taxes (40%) 3,560 Net income 5,340 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,660. What is the external financing...
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Balance...
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Balance Sheet $29,800 Assets $70,800 Debt $34,600 Equity 36,200 18,250 Taxable 11,550 Tota $70,800 Total $70,800 income Taxes (22%) 2,541 Net income $9,009 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,972 What is the external financing needed?...
87. The most recent financial statements for Last in Line, Inc, are shown here: Income Statement...
87. The most recent financial statements for Last in Line, Inc, are shown here: Income Statement Balance Sheet Sales Costs Taxable income Taxes (33%) Net income $18,500 Assets $89,510 Debt $19,580 income 14800 3,700 1,221 Equity 69.930 Total $89,510 Total $89,510 $2,479 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $21,830. What is...
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 GPS, Inc., are shown here: Income Statement Balance Sheet $23,600 Assets $119,000 Debt Sales Costs Taxable income Taxes (35%) $31,600 87,400 $119,000 15,800 $7,800 Total Equity $119,000 Total 2,730 $5,070 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,560 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,800. Required: What is the external financing...
(round 4 decimal places)
The most recent financial statements for GPS, Inc., are shown here: ncome Statement Sales Costs Taxable Income Taxes (40%) Net Income $22564 $14553 Balance Sheet Assets$53371 Debt $16125 Equity? Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1986 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29289 What is the external financing needed? (Negative amount should be ndicated...
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 Heine, Inc., are shown here: Income Statement Sales Costs Balance Sheet $ 26,900 18,800 $ 63,700 $ 27,900 35,800 Assets Debt Equity $ 63,700 $ 8,100 $ 63,700 Total Taxable income Total Taxes (40%) 3,240 $ 4,860 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 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 Bello, Inc., are shown here: Income Statement Sales $39,000 Costs 26.700 Balance Sheet Assets $142,000 Debt Equity $ 40,500 101,500 Taxable income $ 12,300 Total $142,000 Total $142,000 Taxes (22%) 2,706 Net income $ 9,594 Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,150 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,290. What is the...
2 The most recent financial statements for Cardinal, Inc, are shown here: 10 points Sales Costs $25,400 Assets $61,000 Debt$26,900 Equity 34,100 17,300 Taxable s $8,100 Total$61,000 Total $61,000 Income Hint Taxes (21%) 1701 Print Net Income$ 6,399 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 is the external financing needed?...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance Sheet $28,400 Assets 59,300 Debt $25,500 33,800 19,500 Equity Taxable income $ 8,900 Tota$59,300 $59,300 Total $59,300 Taxes (40%) 3,560 Net income 5,340 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,660. What is the external financing...
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Balance Sheet $29,800 Assets $70,800 Debt $34,600 Equity 36,200 18,250 Taxable 11,550 Tota $70,800 Total $70,800 income Taxes (22%) 2,541 Net income $9,009 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,972 What is the external financing needed?...
87. The most recent financial statements for Last in Line, Inc, are shown here: Income Statement Balance Sheet Sales Costs Taxable income Taxes (33%) Net income $18,500 Assets $89,510 Debt $19,580 income 14800 3,700 1,221 Equity 69.930 Total $89,510 Total $89,510 $2,479 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $21,830. What is...
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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