Conagra shows sales in 2 0 2 1 of $ 5 0 0 , 0 0 0
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Question:
Conagra shows sales in of $ with a profit margin and a plowback ratio of the
dividend payout ratio is expected to remain unchanged Accounts payable is currently $
accounts receivable is $ inventory is $ net fixed assets are $ accruals for salary
owed is $ retained earnings is $ debt consists of longterm for $ and short term for
$ Conagra reports cash of $ and common stock of $ First show the income
statement and balance sheet, then forecast both statements given that Conagras sales in are
expected to be $ If additional funds are required, Conagra plans to use the least expensive
funding source first then proceed to more expensive capital. Conagras current debt holders will allow
the firm to have a total liabilities to total assets ratio of no greater than and they must hold their
current ratio to or greater. Find Conagras AFN, solve for the amounts needed from equity andor
debt and if they meet the current ratio requirement, how much more $ in current liabilities they can
absorb and still meet the debt holders current ratio covenant.
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