Question: please help with a & b 1. Austin Grocers recently reported the following 2016 income statement (in millions of dollars): For the coming year, the
please help with a & b
1. Austin Grocers recently reported the following 2016 income statement (in millions of dollars): For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating cost, including deprecation, will equal 70% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. u) What is Austin's projected 2017 net income? b) What is the expected growth rate in Austin's dividend
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
