The most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT Sales Costs Taxable income Taxes (24%) Net income $ 54,000 44,200 External financing needed $ 9,800 2,352 $ 7,448 Assets Total BALANCE SHEET Debt Equity Total $ 118,900 $ 118,900 $36,300 82,600 $ 118,900 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $62,100. What is the external financing needed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

The most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT Sales Costs Taxable income Taxes (24%) Net income $ 54,000 44,200 External financing needed $ 9,800 2,352 $ 7,448 Assets Total BALANCE SHEET Debt Equity Total $ 118,900 $ 118,900 $36,300 82,600 $ 118,900 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $62,100. What is the external financing needed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Name: The most recent financial statements for Mixton, Incorporated, are sh
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Description: The most recent financial statements for Mixton, Incorporated, are shown here:INCOME STATEMENTSalesCostsTaxable incomeTaxes (24%)Net income$ 54,000 Assets44,200$9,800External financing needed2,352$ 7,448TotalBALANCE SHEETDebtEquityTotal$ 118,900$ 11

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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Hillside Dairy's debt to assets ratio is 40. The company's return on assets is 10 percent. The company's net income was $500,000 on sales of $4.8 million. What are the Hillside Dairy's total liabilities? Select one: A. $1.5 million B. $2.0 million C. $4.0 million D. $5.3 million. Only typing answer Please answer explaining in detail step by step without table and graph thankyou
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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ 11,980 Debt 32,400 Equity Sales Costs Taxable income Taxes (21%) Net income $ 20,300 13,900 $ 6,400 1,344 $ 5,056 Current assets Fixed assets Total $ 44,380 Total $ 16,540 27,840 $44,380 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.)
Cecilia Company reported net income of $1,250,000. The average total liabilities were $4,302,500 and average total stockholders' equity was $5,205,000. Interest expense was $100,500 and the tax rate was 40%. Cecilia's return on assets ratio is closest to: 13.8% 13.1% 12.1% 14.2%
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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable income $20,400 14,000 $ 6,400 Taxes (22%) Net income $ 4,992 1,408 Balance Sheet Current assets $ 12,000 Debt Fixed assets 32,850 Equity Total $ 16,600 28,250 $44,850 Total $44,850 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)
The most recent financial statements for Camryn, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Balance Sheet $6,500 Assets $23,500 Debt $ 9,500 4,610 Equity 14,000 Net income $1,890 Total $ 23,500 Total $ 23,500 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed
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?
You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?
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The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Sales Costs Income Statement. Net income Assets: Total EFN $6,800 -4,080 $2,720 Balance Sheet. $20,400 Debt $20,400 Equity Total $10,600 9,800 $20,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,752. What is the external financing needed? (A negative value should be indicated by a minus si Do not round intermediate calculations. Round your answer to the nearest whole number.)
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