Question: QUESTION 5 0.75 points Save Answer Forma Font Foundry had sales last year of $1,057 with related costs of $875. (All amounts are in thousands.

 QUESTION 5 0.75 points Save Answer Forma Font Foundry had sales

QUESTION 5 0.75 points Save Answer Forma Font Foundry had sales last year of $1,057 with related costs of $875. (All amounts are in thousands. ) Assets total $1000. Current liabilities are $375, long-term debt is $300, and owners' equity is $325, Next years' sales are expected to be 121 times last year Ignoring taxes, depreciation, and interest, what is next years forecasted earnings? QUESTION 6 0.75 points Save Answer Forma Font Foundry had sales last year of $1,067 with related costs of $800. (All amounts are in thousands.) Assets total $1000 Current liabilities are $375, long-term debt is $300, and owners equity is $325. Next years' sales are expected to be 129 times last year. Ignoring taxes depreciation, and interest, what is next year's owners' equity? Assume one-half of profits are distributed as dividends

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!