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Category > Business & Finance Posted 04 Aug 2017 My Price 6.00

Assets and costs are proportional to sales

EFN - The most recent financial statements for Martin, Inc., are shown here:

Income statement

Balance Sheet

Sales

$25,800

Assets

$113,000

Debt

$20,500

Costs

16,500

Equity

92,500

Taxable income

$9,300

Total

$113,000

Total

$113,000

Taxes (34%)

3,162

Net income

$6,138

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,841.40 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s sales are projected to be $30,960. What external financing is needed?

Answers

Alpha Geek
(8)
Status NEW Posted 04 Aug 2017 12:08 PM My Price 6.00

The----------- mo-----------st -----------rec-----------ent----------- fi-----------nan-----------cia-----------l s-----------tat-----------eme-----------nts----------- fo-----------r M-----------art-----------in,----------- In-----------c.,----------- ar-----------e: -----------Inc-----------ome----------- St-----------ate-----------men-----------t S-----------ale-----------s $----------- 25-----------,80-----------0 C-----------ost----------- $ -----------16,-----------500----------- Ta-----------xab-----------le -----------Inc-----------ome----------- $ -----------9,3-----------00 -----------Tax----------- $ -----------3,1-----------62 -----------Net----------- In-----------com-----------e

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