Business, 01.03.2021 22:10 juliannabartra
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. CROSBY, INC.2017 Income StatementSales $ 980,760Costs 792,960Other expenses 20,060Earnings before interest and taxes $ 167,740Interest paid 14,740Taxable income $ 153,000Taxes (21%) 32,130Net income $ 120,870Dividends $ 39,250Addition to retained earnings 81,620CROSBY, INC. Balance Sheet as of December 31, 2017Assets Liabilities and Ownersâ EquityCurrent assets Current liabilitiesCash $ 27,920 Accounts payable $ 71,720Accounts receivable 42,630 Notes payable 17,620Inventory 95,910 Total $ 89,340Total $ 166,460 Long-term debt $ 170,000Fixed assets Ownersâ equityNet plant and equipment $ 455,980 Common stock and paid-in surplus $ 140,000Retained earnings 223,100Total $ 363,100Total assets $ 622,440 Total liabilities and ownersâ equity $ 622,440If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales?
Answers: 1
Business, 22.06.2019 11:00
While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?
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Business, 22.06.2019 16:00
If the familyâs net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
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Business, 22.06.2019 17:50
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
Business, 22.06.2019 19:30
Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]
Answers: 1
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow...
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