The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The
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The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here:
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a. Using the equation from the chapter, calculate the external funds needed for next year.
b. Construct the firm's pro forma balance sheet for next year and confirm the external funds needed that you calculated in part (a).
c. Calculate the sustainable growth rate for the company.
d. Can the company eliminate the need for external funds by changing its dividend policy? What other options are available to the company to meet its growth objectives?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Input area Growth rate 15 Sales 25380000 Costs 21635000 Taxable income 3745000 Taxes 1498000 Net inc...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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