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The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $22,300 Assets Costs 16,
Posted: Sun May 08, 2022 9:58 am
by answerhappygod
- The Most Recent Financial Statements For Cardinal Inc Are Shown Here Income Statement Sales 22 300 Assets Costs 16 1 (35.28 KiB) Viewed 21 times
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $22,300 Assets Costs 16,500 Taxable $5,800 Total income Taxes (21%) 1,218 Net income $4,582 Balance Sheet $117,000 Debt Equity $117,000 Total $42,600 74.400 $117.000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,540 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,800 What is the external financing needed?