Mcgraw Hill Homework 8-11

profileAsma
 (Not rated)
 (Not rated)
Chat
Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 4,000 Cost 3,100 Net income $900 BALANCE SHEET, YEAR-END 2011 2012 2011 2012 Assets $ 5,500 $ 6,000 Debt $ 833 $ 1,000 Equity 4,667 5,000 Total $ 5,500 $ 6,000 Total $ 5,500 $ 6,000 If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) External Financing 25% $ 30% 35%
    • 9 years ago
    Detailed answer with working is attached
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      8-11.doc