The most recent Financial Information for Golf Pro Inc Answer

The most recent Financial Information for Golf Pro Inc Answer

 

EFN Calculation
The most recent Financial Information for Golf Pro Inc. are shown here:
Income Statement Balance Sheet
Sales $3,400 Current Assets $4,400 Current Liabilities $880
Costs 2,800 Fixed Assets 5,700 Long Term Debt 3,580
Taxable Income 600 Equity 5,640
Taxes @ 34% 204 Total 10,100 Total $10,100
Net Income $ 396
Assets, costs and current Liabilities are proportional to sales. Long –term Debt and equity are not. The company maintains a constant 50% dividend payout ratio. As with every other firm in its industry, the next year’s sales are projected to increase by exactly 15%. What is the external financing needed?

 

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 The most recent Financial Information for Golf Pro Inc Answer

 

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