Suppose C Manufacturings sales increase 20% over the next year. Assuming all asset accounts change proportionately to sales, there is no change in dividend or tax rate and that new growth is financed by equity, what will company be paying out in dividends for 2021? 1.$14,400 2.$12,960 3.$2,160 4.$3,600 5.$31,250 C Manufacturing 2020 Balance SheetCashInventoriesAccounts ReceivableNet Fixed AssetsTotal AssetsSalesCOGSS, G & AEBITInterestEarnings Before TaxTaxesNet Income (Earnings After Tax)20,00020,00025,00065,000C Manufacturing 2020 Income StatementDividendsRetained Earnings180,000245,000150,00050,00030,00070,00010,00060,00024,00036,00010,80025,200Accounts PayableNotes PayableLong-Term DebtCommon Stock($1 par)Retained EarningsTotal EquityTotal Liabilities + Owner's Equity10,0005,00015,00080,000100,00050,000150,000245,000

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Description: Suppose C Manufacturings sales increase 20% over the next year. Assuming all asset accounts change proportionately to sales, there is no change in dividend or tax rate and that new growth is financed by equity, what will company be paying out in div

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Suppose C Manufacturings sales increase 20% over the next year. Assuming all asset accounts change proportionately to sales, there is no change in dividend or tax rate and that new growth is financed by equity, what will company be paying out in dividends for 2021? 1. $14,400 2. $12,960 3. $2,160 4. $3,600 5. $31,250

Suppose C Manufacturings sales increase 20% over the next year. Assuming all asset accounts change proportionately to sales, there is no change in dividend or tax rate and that new growth is financed by equity, what will company be paying out in dividends for 2021? 1. $14,400 2. $12,960 3. $2,160 4. $3,600 5. $31,250

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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