The following tables summarize the 2022 income statement and end-year balance sheet of Drake's Bowling Alleys. Drake's financial manager forecasts a 20% increase in sales and costs in 2023. The ratio of sales to average assets is expected to remain at 0.50. Interest is forecasted at 4% of debt at the start of the year. Sales Costs Interest Pretax profit Tax Net income INCOME STATEMENT, 2022 (Figures in $ thousands) $ 1,750 1,050 (50% of average assets) a (60% of sales) (4% of debt at start of year) b 24 $ 676 203 $ 473 (30% of pretax profit) a b Assets at the end of 2021 were $3,400,000. Debt at the end of 2021 was $600,000. Assets Total BALANCE SHEET, YEAR-END 2022 (Figures in $ thousands) $ 3,600 $ 3,600 Debt Equity $ 600 3,000 $ 3,600 a. What the implied level of assets at the end of 2023? Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands. b. If the company pays out 50% of net income as dividends, how much cash will Drake's need to raise in the capital markets in 2023? Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands. c. If Drake's is unwilling to make an equity issue, what will be the debt ratio at the end of 2023? Note: Round your intermediate calculations to the nearest whole dollar amount. Round your answer to 2 decimal places.

The table given below summarizes the 2019 income statement and end-year balance sheet of Drake’s Bowling Alleys. Drake’s financial manager forecasts a 10% increase in sales and costs in 2020. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year.   Income Statement $ in thousands Sales $ 2,600 (40% of average assets)a Costs   1,950 (75% of sales) Interest   105 (5% of debt at start of year)b Pretax profit   545   Tax   218 (40% of pretax profit) Net income $ 327     aAssets at the end of 2018 were $6,240,000. bDebt at the end of 2018 was $2,100,000.   Balance Sheet $ in thousands Net assets $ 6,760   Debt $ 2,100           Equity   4,660   Total $ 6,760   Total $ 6,760       a. What is the implied level of assets at the end of 2020? (Enter your answer in dollars not in thousands.)     b. If the company pays out 50% of net income as dividends, how much cash will Drake need…

Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 14% in 2022 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income Net assets Total $ 4,800 3,900 $ 900 Balance Sheet, Year-End 2021 2020 $ 3,936 $3,500 $ 3,936 $3,500 Debt Equity Total 2021 $ 1,536 2,400 $ 3,936 2020 $1,433 2,067 $3,500 a. If the payout ratio is set at 50% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? b. If the payout ratio is set at 50% and the firm aintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate for Archimedes? Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

Armin, Inc. had the following economic data for 2019 (refer to the attached picture): What is Armin’s breakeven point in 2019?  net sales 400,000 contribution margin 160,000 margin of safety 40,000

Vijay

Some parts of the balance sheet and income statement of PaintsWorld Enterprises is given below. You know that the effective tax rate is 23.0% and the interest rate the company pays on its long-term debt is 11.0%. You also know that the outstanding debt has been constant over the past few years. 1.Find the leverage ratio in 2022: 2. Find the asset turnover for 2022:

question: how much is the forcasted fixed expenses amount for 2015 is expected to be?

for 2021

The following tables summarizes the 2019 income statement and end-year balance sheet of Drake’s Bowling Alleys. Drake’s financial manager forecasts a 10% increase in sales and costs in 2020. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year.   INCOME STATEMENT, 2019 (Figures in $ thousands) Sales $ 1,120   (40% of average assets)a Costs   840   (75% of sales) Interest   26   (5% of debt at start of year)b Pretax profit $ 254     Tax   101   (40% of pretax profit) Net income $ 152       a Assets at the end of 2018 were $2,700,000. b Debt at the end of 2018 was $530,000.   BALANCE SHEET, YEAR-END (Figures in $ thousands) Assets   $ 2,900       Debt $ 530                 Equity   2,370   Total   $ 2,900         $ 2,900       a. What is the implied level of assets at the end of 2020? (Do not round your intermediate calculations. Enter your answer in thousands.) b. If the…

Use the income and expense account information for Pepsico for 2017 listed below. What is the cash coverage ratio? Tax rate: 30% Interest expense: $6,590,000 Revenue: $910,500,000 Depreciation: $50,000,000 Selling, general, and administrative expense: $85,000,000 Cost of goods sold: $730,000,000 Group of answer choices 15.40 14.50 13.70 12.30 It is not possible to answer this question