The most recent financial statements for ABC are shown here:
Sales $37.300
Costs 25.800
Taxable Income $11.500
Taxes(34%) 3.910
Net income $7.590
Assets $127.000 Debt $30.500
Equity 96.500
Total $127.000 Total $127.000
Assets and costs are proportional to sales. Debt and equity are not. A dividend of 3.500 was paid, and ABC wishes to maintain a constant payout ratio. Next year's sales are projected to be $42.300.What external financing is needed using two different ...
EXCEL FORMULA:
Get Answers For Free
Most questions answered within 1 hours.