The Manning Company has financial statements as shown next, which are representative of the company's historical average. I ne firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Income Statement Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes Dividends $240,000 181,200 $ 58,800 7,400 $ 51,400 15,400 $ 36,000 $ 12,600

The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes Dividends Current assets Income Statement Cash Accounts receivable Inventory Fixed assets Total assets Assets The firm $ 250,000 184,800 $ 65,200 8,600 $ 56,600 16,600 $ 40,000 $ 16,000 Balance Sheet (in $ millions) $ 221,000 Liabilities and Stockholders' Equity $ 4,000 Accounts payable Accrued wages 53,000 68,000 Accrued taxes $ 125,000 96,000 Current liabilities Notes payable Long-term debt…

The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Sales Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes Dividends Cash Accounts receivable Inventory Current assets Fixed assets Income Statement Total assets Assets $ 280,000 222,800 $ 57,200 7,800 $ 49,400 15,800 $ 33,600 $ 6,720 Balance Sheet (in $ millions) Liabilities and Stockholders' Equity $ 5,000 Accounts payable Accrued wages 86,000 77,000 Accrued taxes $ 168,000 88,000 Current liabilities Notes payable Long-term debt Common stock Retained…

The Manning Company has financial statements as shown next, which are representative of the company's historical average. The firm is expecting a 30 percent increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales. Income Statement Sales $220,000 158,000 $ 62,000 9,400 $ 52,600 17,400 $ 35,200 Expenses Earnings before interest and taxes Interest Earnings before taxes Тахes Earnings after taxes Dividends $ 8,800 Balance Sheet Assets Liabilities and Stockholders' Equity $ 5,000 61,000 Accrued wages 77,000 Accrued taxes Cash $ Accounts payable $ 25,700 Accounts receivable 2,400 4,900 $ 33,000 9,400 Inventory $143,000 89,000 Notes payable Current assets Current liabilities Fixed assets Long-term debt Common stock…