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:The Income statement and Balance Sheet for Day Light
Robbery Inc. is given as follows: INCOME STATEMENT
Sales $5,650,000 COGS 3,865,000 Depreciations
650, 100 EBIT 1, 134,900 Interest Expense 325,000
Taxable Income 809,900 Taxes 161,980 Net Income
647,920 Dividends $ 259, 168 BALANCE SHEET ASSETS
LIABILITIES & OWNERS EQUITY Current Assets
1,251,000 Current Liabilities 975,000 Long Term Debt
900,000 Net Fixed Asset 8,734,000 Common Stock
6,975,000 Accumulated Retained Earnings 1,135,000
Total Owners Equity 8,110,000 Total Assets 9,985,000
Total Liabilities & Equity 9,985,000 The firm expects its
Sales to grow 20% next year Calculate the external
funds needed (EFN) No excel plz
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