Capstone Marketing Group has total assets of $5,568,000, sales of $3,008,725, and net income of $822,000. The

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Capstone Marketing Group has total assets of $5,568,000, sales of $3,008,725, and net income of $822,000. The company expects its sales to grow by 12 percent next year. All assets and costs (including taxes) vary directly with sales, and the firm expects to maintain a payout ratio of 55 percent. Calculate Capstone’s EFN.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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