FINANCIAL MANAGEMENT 1.docx -O Search (Alt+Q)CelFileHomeInsertDrawDesignLayoutReferencesMailingsReviewViewHelpA ShareP Comments... I ..I . 1 . . I . 2. : . .3 ... L .4 . . . L. ..5... I .. 6. . I :7.. |Problem 1.2.Odette Electronics has 90 operating plants in seven southwestern states. Sales forlast year were P100 million, and the statement of financial position at year-end issimilar in percentage of sales to that of previous years (and this will continue in thefuture). All assets (including fixed assets) and current liabilities will vary directly withsales.Statement of Financial Position(in P millions)AssetsLiabilities and EquityCash.....P2Accounts payable....P15Accounts receivable...20Accrued wages....2Inventory....23Accrued taxes.8Current assets..P45Current liabilities.P25Fixed assets...40Notes payable...10Ordinary shares.15Retained earnings...35Total assets..P85Total liabilities and equity..P85Odette's has an after-tax profit margin of 7 percent and a dividend payout ratio of 40percent.If sales grow by 10 percent next year, determine how much of new funds are needed tofinance the growth.37Page 41 of 5710825 wordsO Focus91%3:24 AMW100%25°CAdobe9/14/2021圓3近

Working capital management is keeping track of a company's assets and liabilities to ensure that it…

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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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If sales grow by 10 percent next year, determine how much of new funds are needed to finance the growth.