Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs na 700 Profit before tax 300 na Taxes na 90 Net income na...

Judd Enterprises<br>These are the simplified financial statements for<br>Judd Enterprises.<br>Income statement<br>Current<br>Projected<br>Sales<br>na<br>1,000<br>Costs<br>na<br>700<br>Profit before tax<br>300<br>na<br>Taxes<br>na<br>90<br>Net income<br>na<br>210<br>Dividends<br>na<br>63<br>Balance sheets<br>Current<br>Projected<br>Current<br>Projected<br>Current assets<br>100<br>115<br>Current liabilities<br>70<br>81<br>Net fixed assets<br>Long-term debt<br>900<br>1,080<br>400<br>Common stock<br>300<br>Retained earnings<br>230<br>Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional<br>long-term debt, then what is the additional net financing needed for the projected year?<br>a.<br>$30<br>b.<br>$396<br>$339<br>d.<br>$33<br>e.<br>$37<br>ai<br>

Extracted text: Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs na 700 Profit before tax 300 na Taxes na 90 Net income na 210 Dividends na 63 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets Long-term debt 900 1,080 400 Common stock 300 Retained earnings 230 Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year? a. $30 b. $396 $339 d. $33 e. $37 ai

Jun 05, 2022

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Judd Enterprises These are the simplified financial statements for Judd Enterprises. Income statement Current Projected Sales na 1,000 Costs na 700 Profit before tax 300 na Taxes na 90 Net income na...

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