What would be the number of notes payable in the pro

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Unformatted text preview: an increase sales without any increase in net fixed assets. The ratios of current assets to sales and accounts payables to sales this year remain constant next year. Earning after tax is expected to be 3% of sales. The company expects to pay dividends of $5,500 next year. Assume Great Subs plans to raises its external financing exclusively from notes payable if the additi...
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This note was uploaded on 07/31/2013 for the course FIN 504 taught by Professor Harper,j during the Summer '08 term at Texas A&M University–Commerce.

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