The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs $27,000 17,900 Balance Sheet Debt $ 29,700 35,500 Assets $65,200 Equity Тахable $ 9,100 Total $65,200 Total $65,200 income Taxes (24%) 2,184 Net income $ 6,916 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2.700

The most recent financial statements for Mixton, Incorporated, are shown here: INCOME STATEMENT Sales Costs Taxable income Taxes (22%) Net income $ 52,000 Assets 42,400 $ 9,600 2,112 $ 7,488 Total BALANCE SHEET Debt Equity Total Answer is complete but not entirely correct. External financing needed s 11,990 X $ 115,700 $ 115,700 $ 34,500 81,200 $ 115,700 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $61,360. What is the external financing needed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Consider the following income statement for the Heir Jordan Corporation:    HEIR JORDAN CORPORATIONIncome Statement   Sales         $ 47,600     Costs           35,600                     Taxable income         $ 12,000     Taxes (25%)           3,000                     Net income         $ 9,000                         Dividends $ 3,000                 Addition to retained earnings   6,000                The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. (Leave no cells blank - be certain to enter "0" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.)     HEIR JORDAN CORPORATION Balance Sheet     Percentage of Sales     Percentage of Sales Assets…

Income Statement   Balance Sheet     Sales $ 29,300     Assets $ 22,500     Debt $ 6,000     Costs   22,870             Equity   16,500                               Net income $ 6,430       Total $ 22,500       Total $ 22,500                               The company has predicted a sales increase of 6 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.   Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.)     Pro forma income statement   Pro forma balance sheet Sales     Assets   Debt   Costs       Equity   Net income   Total   Total     What is the external financing needed?

You are given the following income statement and balance sheet: Income Statement Sales EBT Taxes (40%) Net Income Cash A/R Inventories Total CA Fixed Assets Total Assets $15,000 $800 $320 $480 Balance Sheet $100 $2,000 $4.000 Accounts Payable Debt Common Stock Retained Eamings $6,100 $1,900 $8,000 Total Claims $1,000 $4,000 $2,000 $1,000 $8,000 Now make the following forecast and assumptions for the upcoming year: Sales are expected to increase by $5.400 over the coming year. All assets and accounts payable can be expressed as a percentage of sales. The firm's profit margin will remain at 3.2 percent. The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming yea

g. operating profit margin h.  long -term debt ratio i. total debt ratio

The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Taxable income $30,600 18,350 Balance Sheet Assets $72,400 Debt $36,000 Equity 36,400 $12,250 Total $72,400 Total $72,400 Taxes (22%) 2,695 Net income $ 9,555- Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,600 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $34,272. What is the external financing needed? (Do not round intermediate calculations.)

Pares

The Jordan Company has net income of $73, 500, with sales of $3, 159, 155. Total assets are $560,000, total receivable are $84,000, and the debt - equity ratio is 0.65. What is Jordan's ROE