Question: PLEASE answer all 3 thank you so much. Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million):


PLEASE answer all 3 thank you so much.
Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Sales, assets and costs (including depreciation) are expected to grow by 33% next year, while the tax rate and long-term debt will stay constant. The company pays out 30% of net income as dividends. Using the percentage of sales method, what will be the net income next year (in $ million)? Part 2 Attempt 1/10 for 10 pts Using the percentage of sales method, what will be the book value of equity next year (in \$ million)? Part 3 Attempt 1/10 for 10 pts What is the external financing needed (EFN) for next year (in $ million)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
