Question: ( 5 % + 5 % + 5 % + 5 % ) If the Hoffman Company anticipates a 1 2 % growth in the

(5 % + 5 % + 5 % + 5 %)

If the Hoffman Company anticipates a

12 %

growth in the upcoming year, what are the required assets, addition to retained earnings, external financing needed, and Debt

-

Equity Ratio

(

assumed no debt policy

) ?

Below are the income statement and balance sheet for the Hoffman Company. Consider the company's practice of distributing a consistent fraction of net income as a cash dividend, and the assumption that costs remain a constant percentage of sales.

Income Statement

(5%+5%+5%+5%) If the Hoffman Company anticipates a 12% growth in the

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