The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total $6,800 -4,080 $2,720 Balance Sheet $20,400 Debt $20,400 Equity Total $10,600 9,800 $20,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,752. What is the external financing needed? (A negative value should be indicated by a minus Do not round intermediate calculations. Round your answer to the nearest whole number.)

The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total $6,800 -4,080 $2,720 Balance Sheet $20,400 Debt $20,400 Equity Total $10,600 9,800 $20,400 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,752. What is the external financing needed? (A negative value should be indicated by a minus Do not round intermediate calculations. Round your answer to the nearest whole number.)

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 Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net Income $4,600 3,450 $ 1,150 Multiple Choice $2,738 $2,868 $3,148 $2,618 Assets $2,993 Balance Sheet Debt Equity Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,964. What is the external financing needed? $ 14,700 Total $ 14,700 $ 10,600 4,100 Total $14,700
The most recent financial statements for Hornick, Inc., are shown below (assuming no income taxes). Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,968. What is the external financing needed? Income statement $ $ Next year's sales $ Sales Costs Net income 7,600 5,180 2,420 Sales Costs Net income 8,968 Pro forma income statement External financing Assets $ Total $ Complete the following analysis. Do not hard code values in your calculations. Percent increase in sales Assets Balance sheet 21,700 Debt Equity 21,700 Total $ Total $ Pro forma balance sheet Debt Equity Total 9,100 12,600 21,700 ▬▬▬▬
The most recent financial statements for Shinoda Manufacturing Co. are shown below. Income Statement Sales Balance Sheet Costs $ 64,200 44,680 Current assets Fixed assets Taxable income Tax (35%) $19,520 6,832 Total $ 28,000 Debt 80,900 Equity $108,900 Total $ 44,200 64,700 $108,900 Net Income $ 12,688 ok ht Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 43 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate 1%
The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Income Statement $6,200 -3,720 Sales Costs Net income $2,480 Balance Sheet $17,360 $9,100 8,260 Assets Debt Equity Total $17,360 Total $17,360 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,812. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) EFN
The most recent financial statements for Martin, Inc., are shown here: Sales Costs Taxable income Taxes (21%) Net Income Assets Total Income Statement EFN $22,000 -13,200 $61,600 $8,800 -1,848 $6,952 Balance Sheet $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. $ 4,972.00
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable income $20,400 14,000 $ 6,400 Taxes (22%) Net income $ 4,992 1,408 Balance Sheet Current assets $ 12,000 Debt Fixed assets 32,850 Equity Total $ 16,600 28,250 $44,850 Total $44,850 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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.)
The most recent financial statements for Anderson Company are shown here: Income Statement Balance Sheet Sales Costs $ 58,800 Current assets $ 28,800 24,800 Fixed assets 123,000 Long-term debt Equity $ 62,600 89,200 Taxable income $ 34,000 Total $151,800 Total $151,800 Taxes (21%) 7,140 Net income $ 26,860 Assets and costs are proportional to sales. Long-term debt and equity are not. The company maintains a constant 30 percent dividend payout ratio and a constant debt- equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maximum increase in sales
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 Debt Equity $ 6,050 13,000 External financing needed Total $19,050 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 Kerch, Incorporated, are shown here (assuming no income taxes): Income Statement Sales Costs Net income $ 4,300 3,390 $910 Multiple Choice $4,361 $4,491 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,972. What is the external financing needed? $4,241 $4,771 Assets $4,616 Balance Sheet $ 14,800 Debt Equity Total $14,800 $ 10,500 4,300 Total $14,800
he most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes):   Income Statement Balance Sheet   Sales $4,500     Assets $14,900     Debt $10,300     Costs 3,450     Equity 4,600       Net income $1,050       Total $14,900       Total $14,900   Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $5,967. What is the external financing needed?
The most recent financial statements for Bello Co. are shown here:   Income Statement Balance Sheet   Sales $13,000     Current assets $28,032     Debt $27,628     Costs 7,800     Fixed assets 19,616     Equity 20,020     Taxable income $5,200       Total $47,648       Total $47,648     Taxes (22%) 1,144       Net income $4,056   Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 36 percent dividend payout ratio. What is the sustainable growth rate?
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet   Sales $ 19,400 Current assets $ 11,800 Debt $ 16,000   Costs 13,200 Fixed assets 28,350 Equity 24,150   Taxable income $ 6,200     Total $ 40,150     Total $ 40,150   Taxes (22%) 1,364     Net income $ 4,836 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 55 percent dividend payout ratio. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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