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Category > Business & Finance Posted 02 Jun 2017 My Price 9.00

Major Manuscripts, Inc. 2012 Income Statement

Major Manuscripts, Inc.
2012 Income Statement
Net sales $ 9,100
Cost of goods sold   7,415
Depreciation  

340
Earnings before interest and taxes $ 1,345
Interest paid  

25
Taxable Income $ 1,320
Taxes  

449
Net income

$

871
Dividends $ 252

 

Major Manuscripts, Inc.
2012 Balance Sheet
  2012     2012
Cash $ 2,290   Accounts payable $ 2,750
Accounts rec.   980   Long-term debt   250
Inventory  

3,900

   Common stock $ 2,500
Total $ 7,170   Retained earnings  

5,600
Net fixed assets  

3,930

        
Total assets

$

11,100

   Total liabilities & equity

$

11,100


Major Manuscripts, Inc., does not want to incur any additional external financing. The dividend payout ratio is constant. What is the firm's maximum rate of growth?

  5.28 percent
  6.09 percent
  18.70 percent
  5.91 percent
  8.95 percent

Answers

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Status NEW Posted 02 Jun 2017 03:06 AM My Price 9.00

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