Sheridan Excavation Company has total assets of $5,000,456, sales of $1,244,700, and net income of...
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Sheridan Excavation Company has total assets of $5,000,456, sales of $1,244,700, and net income of $591,000. The company's management expects sales to grow by 9 percent next year. All costs (including taxes) and assets vary directly with sales, and the firm expects to maintain a payout ratio of 35 percent. Calculate the external funds needed (EFN) by Sheridan. (Round answer to 2 decimal places, e.g. $5.27.) External funds needed What would Sheridan's payout ratio have to be in order for the company's EFN to equal zero? (Round answer to 1 decimal places, e.g. 2.7%.) Payout ratio eTextbook and Media Save for Later % Attempts: unlimited Submit Answer 
Sheridan Excavation Compary has total assets of $5,000,456, sales of $1,244,700, and net income of $591,000. The company's management expects sales to grow by 9 percent next year. All costs (including taxes) and assets vary directly with sales, and the firm expects to maintain a payout ratio of 35 percent. Calculate the external funds needed (EFN) by Sheridan. (Round answer to 2 decimal ploces, es. $5.27 ) External funds needed $ What would Sheridan's payout ratio have to be in order for the company's EFN to equal zero? (Round answer to 1 decimal ploces, es. 27\%.) Payout ratio \%
Sheridan Excavation Company has total assets of $5,000,456, sales of $1,244,700, and net income of $591,000. The company's management expects sales to grow by 9 percent next year. All costs (including taxes) and assets vary directly with sales, and the firm expects to maintain a payout ratio of 35 percent. Calculate the external funds needed (EFN) by Sheridan. (Round answer to 2 decimal places, e.g. $5.27.) External funds needed What would Sheridan's payout ratio have to be in order for the company's EFN to equal zero? (Round answer to 1 decimal places, e.g. 2.7%.) Payout ratio eTextbook and Media Save for Later % Attempts: unlimited Submit Answer
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