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(round 4 decimal places) The most recent financial statements for GPS, Inc., are shown here: ncome...
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 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 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...
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 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 $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 $ 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...