Determine the amount of additional financing required

Assignment Help Corporate Finance

Reference no: EM1345656

Jones Company sales last year were $25 million and its total assets were $8 million. Accounts payable were $2 million and common stock and retained earnings were $5 million. Jones sales are forecasted to be $30 million this year, earnings after tax are expected to be 3% of sales, and dividends of $250,000 are expected to be paid. Assuming that the ratio of assets to sales and current liabilities to sales remain the same this year as last year, determine the amount of additional financing required.

Reference no: EM1345656

Questions Cloud

Explain how can we lower the pitch of a note on a guitar : A 12kg runaway grocery cart runs into a spring with spring constant 210 N/m and compresses it by 70 cm .What was the speed of the cart just before it hit the spring.

Explain why new soft drink is the most profitable strategy : If you were a manager at PepsiCo, would you try to convince your colleagues while introducing the new soft drink is the most profitable strategy.

Explain about osi reference model : Explain about OSI Reference Model - The OSI reference model divides network operation and management into seven layers.

Project management and change : Explain what kinds of changes could impact the project you are managing and how might those changes be handled?

Determine the amount of additional financing required : Jones Corporation sales last year were $25 million and its total assets were 8 milliondollar. Accounts payable were $2 million & common stock & retained earnings were 5 million dollar.

Compute the magnitude of the friction force : An 75.0 spacewalking astronaut pushes off a 640 satellite, exerting a 80.0 force for the 0.440 it takes him to straighten his arms. How far apart are the astronaut and the satellite after 1.5 min.

Explain conflict in project management : Explain conflict in project management and how to manage constant stress - explain how conflict is synonymous with project management.

What is the slit width of the wavelength : A professor walks in a long hall carrying a vibrating 512Hz tuning fork. The end of the hall is closed so that sound reflects from it. The student hears 4 beats per second. How fast is the student walking and in what direction.

Program to print chains of numbers within a range : Write a program to print the chains for the numbers within a range that the user specifies.

User Account

All Pages