The most recent financial statements for Heine, Inc., are shown here: |
Income Statement | Balance Sheet | ||||||||||
Sales | $ | 28,200 | Assets | $ | 57,500 | Debt | $ | 25,300 | |||
Costs | 20,100 | Equity | 32,200 | ||||||||
Taxable income | $ | 8,100 | Total | $ | 57,500 | Total | $ | 57,500 | |||
Taxes (40%) | 3,240 | ||||||||||
Net income | $ | 4,860 | |||||||||
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,600 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $31,020. |
What is the external financing needed? (Do not round intermediate calculations.) External financing needed $ __________________________ |
The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet...
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 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?...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales $ 30,000 Assets $ 56,100 Debt $ 20,500 Costs 22,000 Equity 35,600 Taxable income $ 8,000 Total $ 56,100 Total $ 56,100 Taxes (40%) 3,200 Net income $ 4,800 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,200 was paid, and the company wishes to maintain a constant payout ratio. Next year’s...
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?
Question 1 The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales $ 23,700 Assets $ 55,200 Debt $ 20,400 Costs 14,400 Equity 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...
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 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...
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet Sales $ 38,400 Assets $ 139,000 Debt $ 39,000 Costs 26,400 Equity 100,000 Taxable income $ 12,000 Total $ 139,000 Total $ 139,000 Taxes (24%) 2,880 Net income $ 9,120 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,000 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected...
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 Cardinal, Inc., are shown here: Income Statement Balance Sheet Sales $ 33,000 Assets $ 77,200 Debt $ 40,200 Costs 18,650 Equity 37,000 Taxable income $ 14,350 Total $ 77,200 Total $ 77,200 Taxes (24%) 3,444 Net income $ 10,906 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $4,200 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be...