The common size entry for Taxes in 2023 is 1 Outside Funds Needed in 2024 is $ 1100 %. (Input number only) . (Input number only)
The common size entry for Taxes in 2023 is 1 Outside Funds Needed in 2024 is $ 1100 %. (Input number only) . (Input number only)
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
Problem 1P: Ogier Incorporated currently has $800 million in sales, which are projected to grow by 10% in Year 1...
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![The TTF Corporation is trying to analyze how much financing it will need next year. With the recent economic recovery, more people are starting to
purchase their products and thus TTF believes Sales will grow by 25% in 2024. They also believe that all assets and spontaneous liabilities will grow at the
same rate as sales. TTF estimates its Net Profit Margin in 2024 will be 6% and it will pay out 40% of Net Income as a dividend. Use the below information
to answer the following questions:
Item
2023
Accounts Payable
200
Accounts Receivable
500
Accruals
500
Advertising Expense
750
Cash
1,500
Common Stock
1,500
Cost of Goods Sold
3,500
Depreciation Expense
300
Interest Expense
250
Inventory
800
Long Term Debt
1,000
Net Fixed Assets
3,200
Notes Payable
800
Retained Earnings
2,000
Sales
5,000
Taxes
50
The common size entry for Taxes in 2023 is 1
Outside Funds Needed in 2024 is $ 1100
%. (Input number only)
(Input number only)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ffa69c1-b1c6-40f9-8e6e-2db9c7d32d73%2F47d41a37-5cde-4483-aadd-ec7903ef3f8b%2Fqyeyiac_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The TTF Corporation is trying to analyze how much financing it will need next year. With the recent economic recovery, more people are starting to
purchase their products and thus TTF believes Sales will grow by 25% in 2024. They also believe that all assets and spontaneous liabilities will grow at the
same rate as sales. TTF estimates its Net Profit Margin in 2024 will be 6% and it will pay out 40% of Net Income as a dividend. Use the below information
to answer the following questions:
Item
2023
Accounts Payable
200
Accounts Receivable
500
Accruals
500
Advertising Expense
750
Cash
1,500
Common Stock
1,500
Cost of Goods Sold
3,500
Depreciation Expense
300
Interest Expense
250
Inventory
800
Long Term Debt
1,000
Net Fixed Assets
3,200
Notes Payable
800
Retained Earnings
2,000
Sales
5,000
Taxes
50
The common size entry for Taxes in 2023 is 1
Outside Funds Needed in 2024 is $ 1100
%. (Input number only)
(Input number only)
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