The net income is RO 20 million. Last year's sales were RO 180 million. The total...
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The net income is RO 20 million. Last year's sales were RO 180 million. The total assets represent two-thirds of total sales. The accounts payables represent 20% of total assets. The accruals is RO 1 million and the notes payable is RO 2 million. The assets and costs vary directly with sales. The retained earnings is RO 8 million. The firm operates at full capacity. If the sales growth rate is 10%, how much external financing is needed? Interpret. The net income is RO 20 million. Last year's sales were RO 180 million. The total assets represent two-thirds of total sales. The accounts payables represent 20% of total assets. The accruals is RO 1 million and the notes payable is RO 2 million. The assets and costs vary directly with sales. The retained earnings is RO 8 million. The firm operates at full capacity. If the sales growth rate is 10%, how much external financing is needed? Interpret.
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Given Net income RO 20 million Last years sales RO 180 million Total assets 23 Total sales Accounts ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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