The Paper Mill is operating at full capacity, Assets, costs, and current liabilities vary directly with...
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The Paper Mill is operating at full capacity, Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, čurrent labilities of $3,650, long-term debt of $18,100, owners' equity of $27150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent? Mutiple Choice -$1.268 O $3.504 $2.260 $1031 -%241.016 The Paper Mill is operating at full capacity, Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, čurrent labilities of $3,650, long-term debt of $18,100, owners' equity of $27150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent? Mutiple Choice -$1.268 O $3.504 $2.260 $1031 -%241.016
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Present sales revenue 42700 Expected sales revenue 4270011... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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