Finance XYZ has the following financial information for 2018: Sales = $2M, Net Inc. = $0.4M, Div. = $0.1M C.A. = $0.4M, F.A. = $3.6M C.L. = $0.2M, LTD = $1M, C.S. = $2M, R.E. = $0.3M If 2019 sales are...


Finance<br>XYZ has the following financial information for 2018: Sales = $2M, Net Inc. = $0.4M, Div. = $0.1M C.A.<br>= $0.4M, F.A. = $3.6M C.L. = $0.2M, LTD = $1M, C.S. = $2M, R.E. = $0.3M If 2019 sales are projected to<br>be $2.4M, what is the amount of external financing needed, assuming XYZ is operating at full capacity,<br>and profit margin and payout ratio remain constant?<br>A)2.5m<br>B) 10m<br>C).7m<br>D) 4.4m<br>E) .9m<br>

Extracted text: Finance XYZ has the following financial information for 2018: Sales = $2M, Net Inc. = $0.4M, Div. = $0.1M C.A. = $0.4M, F.A. = $3.6M C.L. = $0.2M, LTD = $1M, C.S. = $2M, R.E. = $0.3M If 2019 sales are projected to be $2.4M, what is the amount of external financing needed, assuming XYZ is operating at full capacity, and profit margin and payout ratio remain constant? A)2.5m B) 10m C).7m D) 4.4m E) .9m

Jun 06, 2022
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