Mirabelle Company has total assets of $3,267,450, sales of $5,174,652, and net income of $1,789,774. The companys
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Mirabelle Company has total assets of $3,267,450, sales of $5,174,652, and net income of $1,789,774. The company’s management expects sales to grow by 20 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 75 percent. Calculate the external financing needed (EFN).
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Total assets 3267450 Sales 5174652 Net income 1789774 Expecte...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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