Question

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 years sales are projected to be $29,210 What is the external financing needed? (Do not round Intermedlate calculations.)
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
2 The most recent financial statements for Cardinal, Inc, are shown here: 10 points Sales Costs...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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...

  • The most recent financial statements for Sam Inc, are shown here: Income Statement Balance Sheet Sales...

    The most recent financial statements for Sam Inc, are shown here: Income Statement Balance Sheet Sales $25,400 Assets $61,000 Debt $26,900 Costs $17,300 Equity $34,100 Taxable Income $8,100 Total $61,000 Total $61,000 Taxes (21%) $1,701 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?

  • 2. Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable...

    2. Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable 8,100 Total $61.000 Total $ 61000 income Taxes (21%) 1701 Net incomes 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? (Do not round intermediate calculations.)

  • 2. Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable...

    2. Income Statement Sales Costs Balance Sheet $25,400 Assets $61,000 Debt $26,900 Equity 34,100 17,300 Taxable 8,100 Total $61.000 Total $ 61000 income Taxes (21%) 1701 Net incomes 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? (Do not round intermediate calculations.)

  • 2 The most recent financial statements for Cardinal, Inc, are shown here: Sales Costs $25,400Assets $61,000...

    2 The most recent financial statements for Cardinal, Inc, are shown here: Sales Costs $25,400Assets $61,000 Debt $26.,900 Equity 34,100 10 17300 Taxable s $ 8100 Total $61.000 Total $61000 Taxes (21%) 1701 Net income$ 6.399 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales Reterences ill are projected to be $29.210. What is the external financing needed?...

  • 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 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 $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 Cardinal, Inc., are shown here: Income Statement Balance Sheet   Sales...

    The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Balance Sheet   Sales $ 31,400   Assets $ 74,000   Debt $ 37,400   Costs 18,450   Equity 36,600   Taxable income $ 12,950     Total $ 74,000     Total $ 74,000   Taxes (24%) 3,108     Net income $ 9,842 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,800 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 $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?...

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