Current Attempt in Progress Pharoah Marble Company has total assets of $13,075,000, sales of $18,305,000, and...
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Current Attempt in Progress Pharoah Marble Company has total assets of $13,075,000, sales of $18,305,000, and net income of $4,576,250. Management expects sales to grow by 25 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65 percent. Calculate Pharoah's EFN. (Round answer to the nearest dollar, e.g. 5,275.) EFN $ Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress Pharoah Marble Company has total assets of $13,075,000, sales of $18,305,000, and net income of $4,576,250. Management expects sales to grow by 25 percent next year. All assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65 percent. Calculate Pharoah's EFN. (Round answer to the nearest dollar, e.g. 5,275.) EFN $ Save for Later Attempts: 0 of 1 used Submit Answer
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