The most recent financial statements for Hu, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $9,600 Assets 7,470 $2,130 Total Balance Sheet 16,000 Debt Equity 16,000- 583 X Total Answer is complete but not entirely correct. External financing needed $ $4,000 12,000 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,904. $ 16,000 What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
The most recent financial statements for Hu, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $9,600 Assets 7,470 $2,130 Total Balance Sheet 16,000 Debt Equity 16,000- 583 X Total Answer is complete but not entirely correct. External financing needed $ $4,000 12,000 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,904. $ 16,000 What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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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The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:The most recent financial statements for Hu, Incorporated, are shown here (assuming no
income taxes):
Income Statement
Sales
Costs
Net income
$9,600 Assets
7,470
$2,130 Total
Balance Sheet
16,000
Debt
Equity
16,000
$
Assets and costs are proportional to sales; debt and equity are not. No dividends are
paid. Next year's sales are projected to be $11,904.
Answer is complete but not entirely correct.
External financing needed
583
Total
What is the external financing needed? (Do not round intermediate calculations and
round your answer to the nearest whole number, e.g., 32.)
$4,000
12,000
$ 16,000
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