Question
In: Finance
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet...
|
The most recent financial statements for Bello, Inc., are shown here: |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 39,600 | Assets | $ | 145,000 | Debt | $ | 42,000 | |||
| Costs | 27,000 | Equity | 103,000 | ||||||||
| Taxable income | $ | 12,600 | Total | $ | 145,000 | Total | $ | 145,000 | |||
| Taxes (25%) | 3,150 | ||||||||||
| Net income | $ | 9,450 | |||||||||
|
Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,300 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $45,144. |
|
What is the external financing needed? |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet...
The most recent financial statements for Bello, Inc., are shown
here:
Income Statement
Balance Sheet
Sales
$
40,200
Assets
$
148,000
Debt
$
43,500
Costs
27,300
Equity
104,500
Taxable income
$
12,900
Total
$
148,000
Total
$
148,000
Taxes (23%)
2,967
Net income
$
9,933
Assets and costs are proportional to sales; debt and equity are
not. A dividend of $3,450 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 Co. are shown here: Income Statement Balance Sheet Sales...
The most recent financial statements for Bello Co. are shown
here: Income Statement Balance Sheet Sales $ 19,600 Current assets
$ 11,840 Debt $ 16,120 Costs 13,400 Fixed assets 29,250 Equity
24,970 Taxable income $ 6,200 Total $ 41,090 Total $ 41,090 Taxes
(24%) 1,488 Net income $ 4,712 Assets and costs are proportional to
sales. Debt and equity are not. The company maintains a constant 35
percent dividend payout ratio. What is the sustainable growth rate?
(Do not round...
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales...
The most recent financial statements for Bello Co. are shown
here:
Income Statement
Balance Sheet
Sales
$
19,800
Current assets
$
11,880
Debt
$
16,240
Costs
13,500
Fixed assets
30,150
Equity
25,790
Taxable income
$
6,300
Total
$
42,030
Total
$
42,030
Taxes (24%)
1,512
Net
income
$
4,788
Assets and costs are proportional to sales. Debt and equity are
not. The company maintains a constant 35 percent dividend payout
ratio.
What is the internal growth rate?
The most recent financial statements for ABC, Inc. are shown here: Income Statement Balance Sheet...
The most recent financial statements for ABC, Inc. are shown
here:
Income Statement
Balance Sheet
Sales
4,800
Current assets
6,084
Current Liabilities
1,244
Costs
3,840
Fixed assets
5,183
Long-term debt
2,487
Taxable income
960
Equity
7,036
Taxes (35%)
336
Retained earnings
500
Net income
624
Total
11,267
Total
11,267
The company is running at full capacity and the company
maintains a constant 50 percent dividend payout ratio. Like every
other firm in its industry, next year's sales are projected...
The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet...
The most recent financial statements for Summer Tyme, Inc., are
shown here:
Income Statement
Balance Sheet
Sales
$3,600
Current assets
$5,200
Current liabilities
$790
Costs
2,700
Fixed assets
4,700
Long-term debt
3,640
Taxable income
$900
Equity
5,470
Taxes (31%)
279
Total
$9,900
Total
$9,900
Net income
$621
Assets, costs, and current liabilities are proportional to
sales. Long-term debt and equity are not. The company maintains a
constant 50 percent dividend payout ratio. As with every other firm
in its industry,...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet Sales...
The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Balance Sheet
Sales
$23,800
Assets
$121,000
Debt
$43,600
Costs
16,900
Equity
77,400
Taxable income
$6,900
Total
$121,000
Total
$121,000
Taxes (30%)
2,070
Net income
$4,830
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1,470 was paid, and the company wishes to
maintain a constant payout ratio. Next year's sales are projected
to be $29,400.
Required:
What is the external financing...
The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet...
The most recent financial statements for Summer Tyme, Inc., are
shown here:
Income Statement
Balance Sheet
Sales
$3,800
Current assets
$5,200
Current liabilities
$790
Costs
2,400
Fixed assets
5,700
Long-term debt
3,510
Taxable income
$1,400
Equity
6,600
Taxes (35%)
490
Total
$10,900
Total
$10,900
Net income
$910
Assets, costs, and current liabilities are proportional to
sales. Long-term debt and equity are not. The company maintains a
constant 60 percent dividend payout ratio. As with every other firm
in its industry,...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Balance Sheet Sales...
The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Balance Sheet
Sales
$22,900
Assets
$113,000
Debt
$31,600
Costs
16,600
Equity
81,400
Taxable income
$6,300
Total
$113,000
Total
$113,000
Taxes (30%)
1,890
Net income
$4,410
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1,500 was paid, and the company wishes to
maintain a constant payout ratio. Next year's sales are projected
to be $29,200.
Required:
What is the external financing...
The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales...
The most recent financial statements for Heine, Inc., are shown
here: Income Statement Balance Sheet Sales $ 23,500 Assets $ 53,400
Debt $ 20,200 Costs 14,900 Equity 33,200 Taxable income $ 8,600
Total $ 53,400 Total $ 53,400 Taxes (40%) 3,440 Net income $ 5,160
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...
1. The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Balance Sheet...
1.
The most recent financial statements for Cornwall, Inc., are
shown here:
Income Statement
Balance Sheet
Sales
$
6,000
Current assets
$
2,700
Current liabilities
$
2,200
Costs
4,950
Fixed assets
9,100
Long-term debt
3,750
Taxable income
$
1,050
Equity
5,850
Taxes (34%)
357
Total
$
11,800
Total
$
11,800
Net
income
$
693
Assets, costs, and current liabilities are proportional to
sales. Long-term debt and equity are not. The company maintains a
constant 40 percent dividend payout ratio. As...
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