The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales Costs Taxable...
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?...
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...
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...
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 Assets $63,700 Debt $27,900 Equity 35,800 18,800 Taxable income $ 8,100 Total63,700 oal $63,700 Taxes (40%) 3,240 Net income 4,860 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 $30,935 What is the 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 Cardinal, Inc., are shown here: Income Statement Sales Costs Balance Sheet $29,800 Assets $70,800 Debt $34,600 Equity 36,200 18,250 $11,550 Total $70,800 Total $70,800 income Taxes (22%) 2541 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?...
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet Sales $ 40,800 Assets $ 151,000 Debt $ 45,000 Costs 27,600 Equity 106,000 Taxable income $ 13,200 Total $ 151,000 Total $ 151,000 Taxes (21%) 2,772 Net income $ 10,428 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,600 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected...