Current assetsNet fixed assetsUniversal Products CompanyFinancial Statements, 2021 and Pro Forms 2022 (5 thousands)BALANCE SHEETActual2021Total assetsCurrent liabilitiesLong-term debtOwner's equityTotal liabilities & equity$2,9002.000$4,90051,060600J240$ 4,900Forecast282233.150$ 1,180500a. Assume that Universal plans to purchase $400,000 in fixed assets during 2022 and to dispose of no fixed assets during 2022.What would be its forecast for net fixed assets in 20227b. Assume that Universal plans to have a dividend payout ratio of 50 percent in 2022 and will neither sell nor repurchase equityduring 2022 What would be its forecast for owner's equity in 2022?c. Given the assumptions in questions (a) and (b), what is Universal's projected external funding required for 2022?Net fixed assets in 2022Owner's equity in 2022External funding required for 2022

Given DataFrom the balance sheet:Actual 2021:Current assets: $2,900Net fixed assets: $2,900Total…

Answered: Current assets Net fixed assets…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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