This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: payable of $1.5 million, long-term debt of $2 million and common equity totaling $9.5 million (including $4 million in retained earnings). Finally, Carson Enterprises plans to pay out 60% of its next years earnings as cash dividends. W hat will Carson Enterprises external financing needs (EFN) be in the projected year? Current Year % of sales Projected Sales Net income Assets Current Assets Fixed Assets Total Assets Liabilities Accounts Payable Long Term Debt Total Liabilities Owners Equity Common Stock Retained Earnings Total Owners Equity Liabilities + Owners Equity EFN...
View Full Document
- Spring '08