The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $24,550 -14,730 Costs $9,820 -2,062 Taxable income Taxes (21%) Net income $7,758 Balance Sheet $33,000 60,290 Assets $93,290 Debt Equity Total $93,290 Total $93,290 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $955 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,951. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $24,550 -14,730 Costs $9,820 -2,062 Taxable income Taxes (21%) Net income $7,758 Balance Sheet $33,000 60,290 Assets $93,290 Debt Equity Total $93,290 Total $93,290 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $955 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,951. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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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Last year Urban Forests Corp. had $507,500 of assets, $1,905,700 of sales, $410,200 of net income, and a debt-to-total-assets ratio of 5%. What was the company's ROE? Round your answer to the nearest 2 decimals. 85.08% O 76.79% 11.75% 67.97% 8.51%
Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions Net operating profit after tax (NOPAT) $2,897 $3,009 Net income 2,798 2,845 Total assets 15,671 15,465 $17,451 Equity 3,147 3,384 3,384 10,493 Net operating profit after tax (NOA) 9,224 9,840 Treasury stock 21,070 19,475 17,274 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Metric RNOA ROA ROE 2019 30.4 % 17.9 % ✓ 88.91 % * $ millions Assets, restated $ Equity, restated b. Adjust equity and total assets for the amount of treasury stock. 2019 2018 34,940 $ 36,741 $ 24,217 ✔ $ 22,859 $ 2019 2018 30.4 % 8.08 % * 2019 2018 2017 11.89% 29.6 % 18.28 % * 84.1 %✔ Using these restated numbers, recompute RNOA, ROA and ROE for both years. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Metric RNOA ROA ROE 2018 2017 29.6 % 8.64 % * 13.08% ✔ 34,725…
Given the following information for the Green Company: Net sales (all on account) $5,200,000Interest expense 240,000Income tax expense 280,000Net income 420,000Income tax rate 40%Total assets: January 1, 2010 $1,800,000 December 31, 2010 2,400,000Stockholders' equity: January 1, 2010 1,500,000 December 31, 2010 1,600,000Current assets, December 31, 2010 700,000Quick assets, December 31, 2010 400,000Current liabilities, December 31, 2010 300,000Net accounts receivable: January 1, 2010 200,000 December 31, 2010 180,000 Green's return on total assets during 2010 was: Question 15 options: a) 20.0% b) 26.9%…
The most recent financial statements for Alexander Company are shown here: Income Statement Balance Sheet Sales $ 55,000 Current assets $ 86,130 Long-term debt $ 59,400 Costs 35,200 Fixed assets 47,520 Equity 74,250 Taxable income $ 19,800 Total $ 133,650 Total $ 133,650 Taxes (22%) 4,356 Net income $ 15,444 Assets and costs are proportional to sales. The company maintains a constant 36 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued?
Given the following income statements and Balance sheet, find the following financial ratios Income Statement Sales revenue 30,000,000 Less cost of goods 21,000,000 Gross profit 9,000,000 Less operating expenses 6,000,000 Operating profit (EBIT) 3,000,000 Less interest expenses 1,000,000 Net profit before taxes 2,000,000 Less taxes (40%) 800,000 Net profit after tax 1,200,000 Less preferred stock dividends 100,000 Earnings available for common 1,100,000 Stock holders Balance Sheet Assets Liabilities Cash…
WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000
The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ 11,940 Debt 31,500 Equity Sales Costs Taxable income Taxes (21%) Net income $ 20,100 Current assets 13,800 Fixed assets Internal growth rate $ 6,300 1,323 $ 4,977 Total $ 43,440 % $ 16,420 27,020 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Total $ 43,440
40. JoelEmbi, Inc. has an ROA (return on assets) of 15.2 percent, total assets of $4,500,000 and a net profit margin of 7.6 percent. What are JoelEmbi, Inc.'s annual sales? Enter your answer a whole number (i.e., rounded to zero decimal places. 41. JimmyButle, LLC. has a debt-to-total assets ratio of 39.6%. What is the company's debt-to-equity ratio? Enter your answer as a ratio (that is, do not convert to a percent), rounded to 2 decimal places. 42. JohCol, Inc has a debt ratio of 27.0% and ROE = 20.2%. What is JohCol, Inc.'s ROA? Enter your answer as a percent rounded to 1 decimal place. Enter 43. PauGeo, Inc. has an ROA of 18.2% and a debt/equity ratio of 0.83. The firm's ROE is answer as a percent rounded to 1 decimal place. 44. Assume that TraeYoung, Inc. has: Debt ratio 60% ● Net profit margin = 15.2% ● Return on assets (ROA) = 52% Find Trae Young's Total Asset Turnover ratio. Enter answer as a ratio (that is, do not convert to a percent), rounded to 2 decimal places.
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My answer of 12.07 is worng
Garden Pro Corporation has sales of $4,953,171; income tax of $343,835; the selling, general and administrative expenses of $203,842; depreciation of $382,438; cost of goods sold of $2,453,450; and interest expense of $155,731. Calculate the firm’s net income?
The balance sheet of ATLF, Inc. reports total assets of $950,000 and $1,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $100,000 and $800,000, respectively. What is ATLF's profit margin? Select one: a. 8% b. 15% c. 10% d. 80% e. 12.5%

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