Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 7.00

Dockett, Inc

3.        Calculating EFN   The most recent financial statements for Dockett, Inc., are shown here (assuming no income taxes):

 

 

Sales

$7,100

Assets

$21,900

Debt

$  9,400

Costs

4,370

 

 

Equity

12,500

Net income

$2,730

Total

$21,900

Total

$21,900

 

Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $8,449. What is the external financing needed?

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 02:08 PM My Price 7.00

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