Question: Hi course hero tutor, Please help answer the following attached question 2.3, 2.4 and question 2.5 Question 2.3 [5 marks] Tuna Canneries Ltd is planning

Hi course hero tutor, Please help answer the following attached question 2.3, 2.4 and question 2.5

Hi course hero tutor, Please help answer the
Question 2.3 [5 marks] Tuna Canneries Ltd is planning for 2021 and wants to estimate the funds they will require. The company has total assets of R1 500 million, total liabilities of R1 000 million, sales of R125 million with a net prot margin of 15% and a dividend payout ratio of 50%. The company expects sales of R250 million in the 2021 nancial year. All assets and liabilities are considered spontaneous and increase in line with sales. Assets, however, are currently underutilised at only 90% of the total capacity and the excess capacity rst needs to be exhausted before new assets are required. Estimate the company's need for funding for 2021. Note: Show only the changes in assets, liabilities, net prot, the dividend payout and the additional funds needed. Question 2.4 [6 marks] Briefly argue for what you believe the main driver of the capital structure decision is, remembering to substantiate your position by the way of extant theory. Please keep your answer to maximum hatf a page. Question 2.5 [4 marks] If a company wishes to raise R1m through 3 rights issue at a subscn'ption price of R200 while its 10 000 outstanding shares currently trade at R300 each, what will the theoretical value of its shares after the issue be?|

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