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he firm retains 40% of earnings.




Balance Sheet;Cash;Inventory;Fixed assets;$ 50;$150;$600;Total assets;$800;Sales;Costs;EBT;Taxes (34%);Net income;Accounts payable;Notes payable;Long-term debt;Equity;Total liabilities & equity;$100;100;350;250;$800;Income statement;$800;600;$200;68;$132;Suppose that current assets, costs, and accounts payable maintain a constant ratio to sales. The firm retains 40% of;earnings. If the firm is producing at only 90% capacity, describe how this would impact your answer. You;dont need to do a calculation, but it may help you to explain your reasoning. (3 marks)


Paper#32774 | Written in 18-Jul-2015

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