Devaney Convenience recently reported the following 2018 income statement (in millions of dollars): Sales $700 Operating costs including depreciation $500 EBIT Interest EBT Taxes (40%) Net income Dividends $200 $40 $160 $64 $96 $32 $64 Addition to retained earnings For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 75% of sales. Devaney's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. What is Devaney's projected 2019 net income? a) $112.50 b) $104.00 c) $132.00 d) $222.00 e) $250.00

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pharoah marble company has total assets of 13350000 sales of 18690000 and net income of 4672500. management expects sales to grow by 25% next year. all assets and costs (including taxes) vary directly with sales, and management expects to maintain a payout ratio of 65%. Calculate Pharoah's EFN.

Bajaj Ltd. reported the following statistics and results for 2020: Net operating income Return on sales $ 54,000 Asset turnover 2.5 Residual income $ 10,880 Required: 1. What was the value of Bajaj's average operating assets in 2020? Average operating assets 2 If the required rate of return is 7% what Is the ROI? (Round your answer to 2 decimal places.) ROI

The following tables contain financial statements for Dynastatics Corporation. Although the company has not been growing, it now plans to expand and will increase net fixed assets (i.e., assets net of depreciation) by $200,000 per year for the next 4 years, and it forecasts that the ratio of revenues to total assets will remain at 1.50. Annual depreciation is 20% of net fixed assets at the beginning of the year. Fixed costs are expected to remain at $90 and variable costs at 70% of revenue. The company’s policy is to pay out one-half of net income as dividends and to maintain a book debt ratio of 20% of total capital. INCOME STATEMENT, 2019(Figures in $ thousands) Revenue       $ 1,800   Fixed costs         90   Variable costs (70% of revenue)         1,260   Depreciation         160   Interest (6% of beginning-of-year debt)         18   Taxable income         272   Taxes (at 35%)         95   Net income       $ 177   Dividends $ 89         Addition to retained…

Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 40 Interest EBT Taxes (40%) Net income. $160 64 $96 $32 564 Dividends Addition to retained earnings i For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year end operating costs, including depreciation, will equal 75% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. a. What is Austin's projected 2017 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Round your answer to two decimal places. million b. What is the expected growth rate in Austin's dividerids? Do not round your intermediate calculations. Round your answer to two decimal places.

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The following tables contain financial statements for Dynastatics Corporation. Although the company has not been growing, it now plans to expand and will increase net fixed assets (i.e., assets net of depreciation) by $350,000 per year for the next 4 years, and it forecasts that the ratio of revenues to total assets will remain at 1.50. Annual depreciation is 20% of net fixed assets at the beginning of the year. Fixed costs are expected to remain at $86 and variable costs at 70% of revenue. The company’s policy is to pay out one-half of net income as dividends and to maintain a book debt ratio of 20% of total capital.   INCOME STATEMENT, 2019(Figures in $ thousands) Revenue       $ 2,160   Fixed costs         86   Variable costs (70% of revenue)         1,512   Depreciation         280   Interest (6% of beginning-of-year debt)         18   Taxable income         264   Taxes (at 35%)         92   Net income       $ 172   Dividends $ 86         Addition to retained…

XYZ Corporation had the following data in 2022 below: Total assets  = P300,000Gross profit margin = 25%Quick ratio = 0.80  xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the average merchandise inventory.

The following tables contain financial statements for Dynastatics Corporation. Although the company has not been growing, it now plans to expand and will increase net fixed assets (i.e., assets net of depreciation) by $200,000 per year for the next 5 years, and it forecasts that the ratio of revenues to total assets will remain at 1.50. Annual depreciation is 10% of net fixed assets at the beginning of the year. Fixed costs are expected to remain at $60 and variable costs at 80% of revenue. The company’s policy is to pay out two-thirds of net income as dividends and to maintain a book debt ratio of 20% of total capital.   INCOME STATEMENT, 2019(Figures in $ thousands) Revenue       $ 1,800   Fixed costs         60   Variable costs (80% of revenue)         1,440   Depreciation         80   Interest (8% of beginning-of-year debt)         24   Taxable income         196   Taxes (at 40%)         78   Net income       $ 118   Dividends $ 79         Addition to…