Business
Business, 15.06.2021 02:30, marialandingin7520

The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balance Sheet
Sales $3,700 Current assets $4,500 Current liabilities $960 Costs 2,400 Fixed assets 5,200 Long-term debt 3,620 Taxable income $1,300 Equity 5,120 Taxes (21%) 273 Total $9,700 Total $9,700 Net income $1,027
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent.
Required:
What is the external financing needed? (Do not round your intermediate calculations.)
EFN = needed new long-term debt and/or external equity

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 01:20, tsadface21
Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. g., 32.16.)
Answers: 2
image
Business, 22.06.2019 18:00, Mw3spartan17
In which job role will you be creating e-papers, newsletters, and periodicals?
Answers: 1
image
Business, 23.06.2019 01:30, eelebron0905
Bmw receives data transmitted by each new vehicle it sells to employees understand how customers use the products and when service may be needed. this use of technology aids in bmw's efforts to interact in an ongoing basis with its customers.
Answers: 1
image
Business, 23.06.2019 04:00, nev322
Estimate the prouduct sovle using an area modelestimate the product you solve using an area model and the standard algorithm. remeber to express your products in the standard form
Answers: 3
Do you know the correct answer?
The most recent financial statements for Summer Tyme, Inc., are shown here: Income Statement Balanc...

Questions in other subjects:

Konu
Mathematics, 21.09.2021 14:50
Konu
Mathematics, 21.09.2021 15:00
Konu
Mathematics, 21.09.2021 15:00