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  • Chap 3

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    Quyên Nguyễn
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    The balance sheet shows current assets of $127,000 which is 340% of projected assets of $144024.13. Total liabilities plus equity are $127,000. The income statement shows current sales of $37,300 which is projected to grow to $42300. Current costs are 69.2% of sales and projected taxable income is 30.8% of projected sales. The dividend payout ratio is 32.9% with the remaining retained as earnings.

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    The balance sheet shows current assets of $127,000 which is 340% of projected assets of $144024.13. Total liabilities plus equity are $127,000. The income statement shows current sales of $37,300 which is projected to grow to $42300. Current costs are 69.2% of sales and projected taxable income is 30.8% of projected sales. The dividend payout ratio is 32.9% with the remaining retained as earnings.

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    10 views2 pages

    Chap 3

    Uploaded by

    Quyên Nguyễn
    The balance sheet shows current assets of $127,000 which is 340% of projected assets of $144024.13. Total liabilities plus equity are $127,000. The income statement shows current sales of $37,300 which is projected to grow to $42300. Current costs are 69.2% of sales and projected taxable income is 30.8% of projected sales. The dividend payout ratio is 32.9% with the remaining retained as earnings.

    Copyright:

    © All Rights Reserved
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    of 2

    Balance sheet

    Current percent ofProjected Current percent o


    Assets 127000 340% 144024.13 Debt 30500 na
    Equity 96500 na
    TA 127000 340% 144024.13 TL+E 127000 na

    EFN = 11252
    Income statement
    Current percent of sales Projected
    Sales 37,300 100% 42300
    Costs 25,800 69.2% 29258
    Taxable income 11,500 30.8% 13042
    Tax (34%) 3,910 10.5% 4434.13
    Net income 7,590 20.3% 8607.43
    Dividend 2500 na 2835.12
    Retained earnings 5,090 na 5772.31

    payout ratio (d) 32.9%


    Retention ratio (b) 67.1%

    Projected
    30500
    102272.31
    132772.31

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