2 The most recent financial statements for Cardinal, Inc, are shown here: 10 points Sales Costs...
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 $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 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 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 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 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 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 $ 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 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?...