The TTF Corporation is trying to analyze how much financing it will need next year. With...

 

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The TTF Corporation is trying to analyze how much financing it will need next year. With the recent economic recovery, more people are starting to purchase their products and thus TTF believes Sales will grow by 25% in 2020. They also believe that all assets and spontaneous liabilities will grow at the same rate as sales. TTF estimates its Net Profit Margin in 2020 will be 6% and it will pay out 40% of Net Income as a dividend. Use the below information to answer the following questions: Item 2019 200 Accounts Payable Accounts Receivable Accruals Advertising Expense Cash Common Stock Cost of Goods Sold Depreciation Expense Interest Expense Inventory Long Term Debt Net Fixed Assets Notes Payable Retained Earnings Sales Taxes 500 500 750 1,500 1,500 3,500 300 250 800 1,000 3,200 800 2,000 5,000 50 The common size entry for Taxes in 2019 is Outside Funds Needed in 2020 is $ %. (Input number only) . (Input number only) The TTF Corporation is trying to analyze how much financing it will need next year. With the recent economic recovery, more people are starting to purchase their products and thus TTF believes Sales will grow by 25% in 2020. They also believe that all assets and spontaneous liabilities will grow at the same rate as sales. TTF estimates its Net Profit Margin in 2020 will be 6% and it will pay out 40% of Net Income as a dividend. Use the below information to answer the following questions: Item 2019 200 Accounts Payable Accounts Receivable Accruals Advertising Expense Cash Common Stock Cost of Goods Sold Depreciation Expense Interest Expense Inventory Long Term Debt Net Fixed Assets Notes Payable Retained Earnings Sales Taxes 500 500 750 1,500 1,500 3,500 300 250 800 1,000 3,200 800 2,000 5,000 50 The common size entry for Taxes in 2019 is Outside Funds Needed in 2020 is $ %. (Input number only) . (Input number only)

Answer rating: 100% (QA)

The common size entry for Taxes in 2019 is 1 Calculated as Taxes 50 divided by Sales 5000 multiplied ... View the full answer