FM_515_Problem_14-1(1)

FM_515_Problem_14-1(1) - 90,000 assets/sales $ change sales...

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Problem 14-1 2007 2008 growth $ Change in assets: sales 5,000,000 6,000,000 20% assets 3,000,000 3,600,000 20% 600,000 cur liab 1,000,000 Current Lia AP NP After tax profit margin 5% 300,000 (ATPM) Accruals payout ratio 70% 210,000 retained funds
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Unformatted text preview: 90,000 assets/sales $ change sales AP &Accruals/sales $ change sales ATPM AFN 410,000 0.600 1,000,000 0.10 1,000,000 300,000 ab 250,000 500,000 250,000 1,000,000 1- payout ratio 0.30...
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FM_515_Problem_14-1(1) - 90,000 assets/sales $ change sales...

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