What is the external financing needed (EFN) for 2018 ($ in millions)? Marable Comics Group Balance Sheet

What is the external financing needed (EFN) for 2018 ($ in millions)?

  

 

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Marable Comics Group Balance Sheet for the Years Ending 2014 and 2015 ($ in millions) 2015 $135 Accounts payable 214 Notes payable 188 Current liabilities Cash Accounts receivable Inventory Current assets Fixed assets Total assets 2014 $75 230 240 545 788 Earnings before taxes Less: Taxes Net income Net sales Less: Cost of goods Sold Less: General & adm. expenses 537 Long-term debt 890 Common stock $1,333 $1,427 Total liab. & equity Less: Depreciation Earnings before interest and taxes Less: Interest paid Retained earnings Marble Comics Group 2015 Income Statement ($ in millions) 2014 $89 227 316 615 55 347 $1,333 2015 $110 442 552 440 55 380 $1,427 $905 522 93 110 180 61 119 30 $89 Marable Comics Group Balance Sheet for the Years Ending 2014 and 2015 ($ in millions) 2015 $135 Accounts payable 214 Notes payable 188 Current liabilities Cash Accounts receivable Inventory Current assets Fixed assets Total assets 2014 $75 230 240 545 788 Earnings before taxes Less: Taxes Net income Net sales Less: Cost of goods Sold Less: General & adm. expenses 537 Long-term debt 890 Common stock $1,333 $1,427 Total liab. & equity Less: Depreciation Earnings before interest and taxes Less: Interest paid Retained earnings Marble Comics Group 2015 Income Statement ($ in millions) 2014 $89 227 316 615 55 347 $1,333 2015 $110 442 552 440 55 380 $1,427 $905 522 93 110 180 61 119 30 $89

Answer rating: 100% (QA)

SOLUTION To calculate the External Financing Needed EFN for 2018 we need to consider the projected i... View the full answer