Question

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 years sales are projected to be $29289 What is the external financing needed? (Negative amount should be ndicated by a minus sign.)(round 4 decimal places)

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
(round 4 decimal places) The most recent financial statements for GPS, Inc., are shown here: ncome...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • 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...

  • 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....

  • 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?...

  • 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...

  • 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...

  • 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 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...

  • 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 Bello, Ic., are shown here: Income Statement Balance Sheet $...

    The most recent financial statements for Bello, Ic., are shown here: Income Statement Balance Sheet $ 46,000 Assets $153,000 $41,200 27,800 Sales Debt Costs Equity 107,000 polnts Taxable $ 13,400 $153,000 $153,000 Total Total income eBook Taxes (23%) 3,082 Net income $ 10,318 Hint Print Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,700 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT