Ch.4 Finanace Homework

Ch.4 Finanace Homework - 60,550/929,000=.065 Net Income X...

This preview shows pages 1–2. Sign up to view the full content.

Sales 929,000 Addition to Retained Earnings 78,715 Sales X 20% 1,114,800 Additon to Reatained Earnings X 20% 94,458 New Sales-Old Sales 1,114,800-929,000 185,800 New Addition to Retained Earnings-Old Addition to Retained Earnings 94,458-78,715 15,743 External Factor Needed 185,800-15,743 170,057

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
929,000 X 1.2=1,114,800 Then \$800/929,000 would be the 80% Then they did Net Income/Sales so
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 60,550/929,000=.065 Net Income X 1.2= 60,550 X 1.2=72,660 Then next you take that and divide it by the sales 72,660/929,000 Divided pay out ratio=Cash dividends/Net income 33,735/112,450 0.3 Addition to retained earnings/Net income 78,715/112,450 0.7 Not sure what else to do I emailed you for help but this is all I got so...
View Full Document

This note was uploaded on 04/05/2012 for the course FINANCE 326 taught by Professor Walton during the Spring '12 term at Tulsa Community College.

Page1 / 2

Ch.4 Finanace Homework - 60,550/929,000=.065 Net Income X...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online