Question: Problem 2 Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales

Problem 2 Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 33 Costs 26.4 Net income 6.6 Balance sheet ($ million) Current assets 14.6 Fixed assets 58.4 Total assets 73 Debt 29.2 Equity 43.8 Total 73 Sales, assets and costs are expected to grow by 10% the following year. Part 1 18 Attempt 1/10 for 10 pts. If company expects to keep Debt-Equity ratio unchanged from year to year, based on your projected figures, what's the amount of dividend ($ million) that company is likely to pay out in the following year? 2+ decimals
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
