he most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT BALANCE SHEET Debt Equity Total Sales Costs Taxable income Taxes (22%) Net income $ 52,000 42,400 $ 9,600 2,112 $ 7,488 Assets Total $ 115,700 $ 115,700 Answer is complete but not entirely correct. External financing needed $ 11,990 $ 34,500 81,200 $ 115,700 assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,900 was paid, and the company maintain a constant payout ratio. Next year's sales are projected to be $61,360. What is the external financing needed lote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
he most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT BALANCE SHEET Debt Equity Total Sales Costs Taxable income Taxes (22%) Net income $ 52,000 42,400 $ 9,600 2,112 $ 7,488 Assets Total $ 115,700 $ 115,700 Answer is complete but not entirely correct. External financing needed $ 11,990 $ 34,500 81,200 $ 115,700 assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,900 was paid, and the company maintain a constant payout ratio. Next year's sales are projected to be $61,360. What is the external financing needed lote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
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
Problem 1PS
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