The most recent financial statements for Williamson, Inc., are shown here (assuming noincome taxes):Income StatementSalesCostsNetincome$9,4006,940$2,460Balance SheetAssets $19,050 DebtEquity$ 6,05013,000External financing neededTotal $19,050 Total $19,050Assets and costs are proportional to sales; debt and equity are not. No dividends arepaid. Next year's sales are projected to be $11,280.What is the external financing needed? (Do not round intermediate calculations andround your answer to the nearest whole dollar amount, e.g., 32.)

Any Company experiencing growth in future required to meet the demand and supply in the market,…

The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income $9,400 6,940 $2,460 Balance Sheet Assets $19,050 External financing needed Total $19,050 Debt $ 6,050 Equity 13,000 Total $19,050 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,280. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income $9,400 6,940 $2,460 Balance Sheet Assets $19,050 External financing needed Total $19,050 Debt $ 6,050 Equity 13,000 Total $19,050 Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,280. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ 11,940 Debt 31,500 Equity Sales Costs Taxable income Taxes (21%) Net income $ 20,100 Current assets 13,800 Fixed assets Internal growth rate $ 6,300 1,323 $ 4,977 Total $ 43,440 % $ 16,420 27,020 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Total $ 43,440
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