Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN: 9781337902571
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Textbook Question
Chapter 16, Problem 3P
AFN EQUATION Refer to Problem 16-1 and assume that the company had $3 million in assets at the end of 2019. However, now assume that the company pays no dividends. Under these assumptions, what additional funds would be needed for the coming year? Why is this AFN different from the one you found in Problem 16-1?
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FIN401 - Ch.12 Problems
Problem 12-9: Garlington Tech
S24 Variant
Balance Sheet
Cash
Receivables
Inventory
Total Current Assets
Net Fixed Assets
Total Assets
Accounts Payable
Line of Credit
Accruals
Total Current Liabilities
Long-term Bonds
Common Stock
Retained Earnings
Total Liabilities & Equity
AFN (external)
Cumulative AFN
Income Statement
Final
Projection
12/31/2019
12/31/2020
160,000.00
184,000
360,000.00
387,000
720,000.00
828,000
1,240,000.00
1,399,000
4,000,000.00 4,600,000
5,240,000.00 5,999,000
360,000.00
414,000
148,954.27
200,000.00
230,000
560,000.00
792,954
1,000,000.00
1,000,000
1,100,000.00 1,248,954
2,580,000.00 2,957,091
5,240,000.00 5,999,000
0.00
297,908.55
Final
Projection
12/31/2019 12/31/2020
Sales
Operating Costs
4,000,000.00 4,600,000.00
3,200,000.00 3,680,000.00
EBIT
Interest
EBT
800,000.00 920,000.00
120,000.00 137,874.51
680,000.00 782,125.49
Taxes (25)
Net…
How to solve a problem when they give you the liability amount $120000 and the equity $232k and they ask to fund the total assets?
Chapter 16 Solutions
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Ch. 16 - Prob. 1QCh. 16 - Assume that an average firm in the office supply...Ch. 16 - Would you agree that computerized corporate...Ch. 16 - Certain liability and net worth items generally...Ch. 16 - Suppose a firm makes the following policy changes....Ch. 16 - AFN EQUATION Carlsbad Corporations sales are...Ch. 16 - AFN EQUATION Refer to Problem 16-1. What...Ch. 16 - AFN EQUATION Refer to Problem 16-1 and assume that...Ch. 16 - PRO FORMA INCOME STATEMENT Austin Grocers recently...Ch. 16 - EXCESS CAPACITY Williamson Industries has 7...
Ch. 16 - Prob. 6PCh. 16 - PRO FORMA INCOME STATEMENT At the end of last...Ch. 16 - LONG-TERM FINANCING NEEDED At year-end 2019, total...Ch. 16 - SALES INCREASE Paladin Furnishings generated 4...Ch. 16 - REGRESSION AND RECEIVABLES Edwards Industries has...Ch. 16 - REGRESSION AND INVENTORIES Charlies Cycles Inc....Ch. 16 - Prob. 12PCh. 16 - ADDITIONAL FUNDS NEEDED Morrissey Technologies...Ch. 16 - EXCESS CAPACITY Krogh Lumbers 2019 financial...Ch. 16 - Prob. 1TCLCh. 16 - FORECASTING THE FUTURE PERFORMANCE OF ABERCROMBIE ...
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