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I need solution for Q3 The following is the balance sheet for...

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Accounting

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The following is the balance sheet for 2003 for Marbell inc. Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20% Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends. Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average. The following is the balance sheet for 2003 for Marbell inc. Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20% Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends. Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average

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