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Sandhill Marble Company has total assets of $12,505,440, sales of $20,500,722, and net income of...

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Finance

Sandhill Marble Company has total assets of $12,505,440, sales of $20,500,722, and net income of $820,029. Management expects sales to grow by 20 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65 percent. Calculate Sandhill's EFN. (Round answer to the nearest dollar, e.g. 5,275.) EFN $
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Sandhill Marble Company has total assets of $12,505,440, sales of $20,500,722, and net income of $820,029, Management expects sales to grow by 20 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65 percent. Calculate Sandhill's EFN. (Round answer to the nearest dollar, eg. 5,275.) EFN$

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