Business, 30.07.2019 04:10 lcoronilla96

Owen’s electronics has nine operating plants in seven southwestern states. sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). all assets (including fixed assets) and current liabilities will vary directly with sales. the firm is working at full capacity.
balance sheet (in $ millions)
assets liabilities and stockholders' equity
cash$ 2 accounts $15
accounts
accrued
current $45 current $25
fixed notes
common retained
total $85 total liabilities and stockholders' $85
owen's has an after tax profit margin of 7 percent and a dividend payout ratio of 40 percent. if sales grow by 10 percent next year, determine how many dollars of new funds are needed to finance the growth

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Owen’s electronics has nine operating plants in seven southwestern states. sales for last year were...

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