Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the most recent financial statements for a buisnes

The most recent financial statements for a buisness are shown here: ...

70.2K

Verified Solution

Question

Finance

  1. The most recent financial statements for a buisness are shown here:

Sales

10,000.00

Cash

420.00

A/C Payables

650.00

Costs

8,000.00

Receivables

720.00

Note Payable

250.00

Other Expenses

220.00

Inventory

1020.00

Total CL

900.00

EBIT

1,780.00

Total CA

2160.00

LTD

1950.00

Interest Payment

300.00

Comm Stock & APIC

1700.00

EBT

1,480.00

Net Fixed Assets

4850.00

Retained Earnings

2460.00

Tax@21%

310.80

Total

7010.00

Total D+E

7010.00

NI

1,169.20

Dividend

491.06

All the assets, costs, other expenses, and accounts payables are proportional to sales and the sales are projected to increase by 12 percent. Interest expense will remain the same and the firm maintains a constant payout ratio. No external debt or equity will be issued. What is the external financing need?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Let f: A ->B and g:B -> A be functions. Prove that if fog is one-to-one...

Civil Engineering
1.2K views

Can you please give me five journal papers on the \"The Tacheometric Surveying \" from wherever...

Physics
1.2K views

Two resistors, R1 = 20-ohm and R2 = 30-ohm, are connected in parallel to each other,...

Advance Math
1.2K views

8. Determine the centroid, ?(??,??,??), of the solid formed in the first octant bounded by ?+??16=0...

Basic Math
1.2K views

A transect is an archaeological study area that is 1/5 mile wide and 1 mile long....

Geometry
1.2K views

27 in The area is in 32 in HW Score O Points Find the area...

Basic Math
1.2K views

1 Which ordered pair is in the solution set of y 2x 4 A 6...

Basic Math
1.2K views

9 Bir manav n g n i erisinde satt domates biber ve patl can ile...

Statistics
1.2K views

We learned that with every discrete probability distribution there are two ways to determine if...

Accounting
1.2K views

Question Citizens Bank is an established bank in the nation of Albion. With a total...

Accounting
1.2K views

If bonds are issued at a discount, it means that the a. bondholder will receive...

Accounting
1.2K views

1. What are the two options to correct an error in the financial statement? Elaborate...