Question
In: Accounting
The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales 26,000 Costs...
The most recent financial statements for Martin, Inc., are shown here:
| Income Statement | |
| Sales | 26,000 |
| Costs | -15,600 |
| Taxable income | 10,400 |
| Taxes(34%) | -3,536 |
| Net income | 6,864 |
| Balance Sheet | |||
| Assets | $98,800.00 | Debt | $45,000.00 |
| Equity | 53,800 | ||
| Total | $ 98,800.00 | Total | $98,800.00 |
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,075 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s sales are projected to be $31,200. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
EFN:
Solutions
ekkarill92 answered 6 months agoRelated Solutions
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The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Sales
$23,852
Costs
$11,902
Taxable Income
?
Taxes (40%)
?
Net Income
?
Balance Sheet
Assets
$56,455
Debt
$18,576
Equity
?
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1,980 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected
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What is the external financing needed? (Negative amount
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The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Sales
$23,120
Costs
$11,132
Taxable Income
?
Taxes (40%)
?
Net Income
?
Balance Sheet
Assets
$56,917
Debt
$21,193
Equity
?
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1,748 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected
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What is the external financing needed? (Negative amount
should be...
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $6,813 Costs...
The most recent financial statements for Xporter, Inc., are
shown here:
Income Statement
Sales
$6,813
Costs
$5,829
Taxable Income
?
Taxes (34%)
?
Net Income
?
Balance Sheet
Current Asset
$3,578
Current Liabilities
$2,047
Fixed Asset
$9,726
Long Term Debt
$3,565
Equity
?
Assets, costs, and current liabilities are proportional to
sales. Long-term debt and equity are not. The company maintains a
constant 21 percent dividend payout ratio. As with every other firm
in its industry, next year’s sales are...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $21706 Costs...
The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Sales
$21706
Costs
$14096
Taxable Income
?
Taxes (40%)
?
Net Income
?
Balance Sheet
Assets
$55199
Debt
$22015
Equity
?
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1887 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected
to be $29409.
What is the external financing needed? (round 2 decimal
places)
The most recent financial statements for Xporter, Inc., are shown here: Income Statement Sales $7062 Costs...
The most recent financial statements for Xporter, Inc., are
shown here: Income Statement Sales $7062 Costs $5789 Taxable Income
? Taxes (34%) ? Net Income ? Balance Sheet Current Asset $3750
Current Liabilities $2453 Fixed Asset $9635 Long Term Debt $3626
Equity ? Assets, costs, and current liabilities are proportional to
sales. Long-term debt and equity are not. The company maintains a
constant 16 percent dividend payout ratio. As with every other firm
in its industry, next year’s sales are...
The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $22,640 Costs...
The most recent financial statements for GPS, Inc., are shown
here:
Income Statement
Sales
$22,640
Costs
$10,389
Taxable Income
?
Taxes (40%)
?
Net Income
?
Balance Sheet
Assets
$59,616
Debt
$15,043
Equity
?
Assets and costs are proportional to sales. Debt and equity are
not. A dividend of $1,649 was paid, and the company wishes to
maintain a constant payout ratio. Next year’s sales are projected
to be $26,534.
What is the external financing needed?
The most recent financial statements for Live Co. are shown here: Income Statement Sales $18801 Costs...
The most recent financial statements for Live Co. are shown
here: Income Statement Sales $18801 Costs $10361 Taxable Income ?
Taxes (40%) ? Net Income ? Balance Sheet Current Asset $13198 Debt
$18918 Fixed Asset $31869 Equity ? Assets and costs are
proportional to sales. Debt and equity are not. The company
maintains a constant 28 percent dividend payout ratio. No external
financing is possible. What is the internal growth rate (in %)?
The most recent financial statements for Live Co. are shown here: Income Statement Sales $15752 Costs...
The most recent financial statements for Live Co. are shown
here: Income Statement Sales $15752 Costs $11206 Taxable Income ?
Taxes (40%) ? Net Income ? Balance Sheet Current Asset $13516 Debt
$16391 Fixed Asset $25944 Equity ? Assets and costs are
proportional to sales. Debt and equity are not. The company
maintains a constant 20 percent dividend payout ratio. No external
financing is possible. What is the sustainable growth rate (in
%)?
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 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...
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