Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 9 Accounts payable $ 22 Accounts receivable 27 Accrued wages 9 Inventory 30 Accrued taxes 15 Current assets $ 66 Current liabilities $ 46 Fixed assets 47 Notes payable 17 Common stock 22 Retained earnings 28 Total assets $ 113 Total liabilities and stockholders' equity $ 113 Owen’s has an aftertax profit margin of 7 percent and a dividend payout ratio of 20 percent. If sales grow by 20 percent next year, determine how many dollars of new funds are needed to finance the growth. (Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g., $1,234,567).)

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Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 6 Accounts payable $ 19 Accounts receivable...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 11 Accounts payable $ 24 Accounts receivable...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 4 Accounts payable $ 17 Accounts receivable...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 10 Accounts payable $ 23 Accounts receivable...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 11 Accounts payable $ 23 Accounts receivable...

Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges...

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Jingo Company has reported $750,000 in sales (25,000 units) for last year with a net operating...

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Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...

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