liferoblox666
20.09.2020 •
Business
The most recent financial statements for Reply, Inc., are shown here: Income Statement Balance Sheet Sales $ 23,600 Assets $ 54,300 Debt $ 20,300 Costs 14,600 Equity 34,000 Taxable income $ 9,000 Total $ 54,300 Total $ 54,300 Taxes (40%) 3,600 Net income $ 5,400 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,500 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $26,904. What is the external financing needed? (Do not round intermediate calculations.)
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Ответ:
external financing needed $4,296
Explanation:
Sales 26,904
Cost 16,644
(14.600 / 23,600 x 26,904)
Taxable Income 10,206
Tax Income (40%) 4,104
Net Income 6,156
Dividends: (same payout ratio is maintaned)
2,500 / 5,400 x 6,156 = 2,850
Assets: (proportional to sales)
54,300 / 23,600 x 26,904 = 61902
Equity:
34,000 + 6,156 net income - 2,850 dividends = 37306
Liabilities: 61,902 - 37,306 = 24,596
Previous liaiblities 20,300
Addional debt taken: 24,596 - 20,300 = 4296
Ответ: