subject
Business, 26.04.2021 09:30 hammackkatelyn60

G H
2
3
Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that
sales for the year just ended were $10.2 million. The firm also has a profit margin of 30
percent, a retention ratio of 20 percent, and expects sales of $8.2 million next year.
Assets Liabilities and Equity
Current assets $ 2,124.000 Current liabilities
Fixed assets 4,200,000 Long-term debt
Equity
$ 1.707 480
1.600.000
3.016.520
Total assets $ 6.324.000
Total liabilities and equity $ 6.324.000
If all assets and current liabilities are expected to shrink with sales what amount of
additional funds will Gyp Sum need from external sources to fund the expected growth?
(Enter your answer in dollars not in millions. Negative amount should be indicated by a
minus sign.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 22:30, namdh6086
Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?
Answers: 2
image
Business, 22.06.2019 23:30, mccarthyrookie6491
Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition
Answers: 3
image
Business, 23.06.2019 02:00, jackfrost5
How much more output does the $18 trillion u. s. economy produce when gdp increases by 3.0 percen?
Answers: 1
image
Business, 23.06.2019 04:50, drainy0uandthefish
According to fiedler, in situations that are very unfavorable for the leader, it would be wise to choose someone who: a. is task oriented. b. is likely to engage in behaviors that are classified as consideration behaviors. c. has a low lpc score. d. has a high lpc score.
Answers: 1
You know the right answer?
G H
2
3
Suppose that Gyp Sum Industries currently has the balance sheet shown be...

Questions in other subjects:

Konu
Mathematics, 10.10.2019 07:30
Konu
Mathematics, 10.10.2019 07:30