Page 1 of 1
Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales $2,500 Cost 1,900 Net
Posted: Fri Jul 01, 2022 7:46 am
by answerhappygod
- Here Are The Abbreviated Financial Statements For Planner S Peanuts Income Statement 2019 Sales 2 500 Cost 1 900 Net 1 (25.18 KiB) Viewed 61 times
Here are the abbreviated financial statements for Planner's Peanuts: INCOME
STATEMENT, 2019 Sales $2,500 Cost 1,900 Net income $ 600 Assets Total (a) (b) (c) BALANCE SHEET, YEAR-END 2018 2019 $2,500 $2,500 $3,000 25% 30% 35% 2018 $3,000 Debt $ 853 Equity 1,647 Total $2,500 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of (a) 25%, (b) 30%, and (c) 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 2019 $1,000 2,000 $3,000 External Financing Need