The most recent financial statements for Mixton, Inc., are shown here: Assets and costs are proportional to
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The most recent financial statements for Mixton, Inc., are shown here:
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,400 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $23,345. What is the external financing needed?
Transcribed Image Text:
Income Statement Balance Sheet Sales $20,300 Assets $47,000 Debt $26,900 Costs 17,100 Equity 20,100 Taxable income $ 3,200 Total $47,000 Total $47,000 Taxes (21%) 672 Net income $ 2,528
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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