6. Clapham Industries expects revenues of $392,000,000 and a net profit margin of 26% in the...
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6. Clapham Industries expects revenues of $392,000,000 and a net profit margin of 26% in the upcoming year. Clapham projects a 50% dividend payout ratio for the year. End of year assets are expected to total $1,350,000,000 and accounts payable and other non-debt liabilities are forecasted to increase by $25,000,000. Clapham currently has total liabilities of $300,000,000 and total shareholder's equity of $810,000,000. How much net new financing does Clapham need for the upcoming year? 6. Clapham Industries expects revenues of $392,000,000 and a net profit margin of 26% in the upcoming year. Clapham projects a 50% dividend payout ratio for the year. End of year assets are expected to total $1,350,000,000 and accounts payable and other non-debt liabilities are forecasted to increase by $25,000,000. Clapham currently has total liabilities of $300,000,000 and total shareholder's equity of $810,000,000. How much net new financing does Clapham need for the upcoming year?
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Answer rating: 100% (QA)
Answer To calculate the amount of net new financing Clapham Industries needs for the upcoming year we need to consider the following 1 Net income Clap... View the full answer
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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