Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs 700 na Profit before tax 300 na Taxes na 90 Net income na 210 Dividends na 63 Balance sheets Сurrent Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 900 1,080 Long-term debt 400 Common stock 300 Retained eamings 230 Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year? a. $30 b. S396 $339 d. $33 e. $37
Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs 700 na Profit before tax 300 na Taxes na 90 Net income na 210 Dividends na 63 Balance sheets Сurrent Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 900 1,080 Long-term debt 400 Common stock 300 Retained eamings 230 Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year? a. $30 b. S396 $339 d. $33 e. $37
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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Transcribed Image Text:Judd Enterprises
These are the simplified financial statements for
Judd Enterprises.
Income statement
Current
Projected
Sales
na
1,000
Costs
na
700
Profit before tax
300
na
Taxes
na
90
Net income
na
210
Dividends
na
63
Balance sheets
Current
Projected
Current
Projected
Current assets
100
115
Current liabilities
70
81
Net fixed assets
Long-term debt
900
1,080
400
Common stock
300
Retained earnings
230
Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional
long-term debt, then what is the additional net financing needed for the projected year?
a.
$30
b.
$396
$339
d.
$33
e.
$37
ai
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