pharoah marble company has totalassets of 13350000 sales of18690000 and net income of4672500. management expectssales to grow by 25% next year. allassets and costs (including taxes)vary directly with sales, andmanagement expects to maintain apayout ratio of 65%. CalculatePharoah's EFN.

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter9: Capital Budgeting And Cash Flow Analysis

Section: Chapter Questions

Problem 20P

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pharoah marble company has total assets of 13350000 sales of 18690000 and net income of 4672500. management expects sales to grow by 25% next year. all assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65%. Calculate Pharoah's EFN.