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4.EFN The most recent financial statements for Mar...

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4.EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales $25,800 Costs 16.500 Taxable income $ 9,300 Taxes (34%) 3,162 Net income $ 6,138 Balance Sheet Assets $113,000 Debt $ 20,500 Equity 92,500 Total $113,000 Total $113,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,841.40 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $30,960. What external financing is needed? SEE ATTACHMENT FOR # 4

 

Paper#5439 | Written in 18-Jul-2015

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