Estimated retained earnings at ending of year

Reference no: EM1310772

Q1) You are evaluating your company's external financing requires for next year. At the ending of year you expect that owners' equity will be= $80 million, total assets will amount to= $170 million, and total liabilities will be= $70 million. How much will your firm require borrowing, or else acquiring, from outside sources during year?

Q2)To evaluate Missed Places, Inc.'s (MP) external financing requires, CFO requires to figure out how much equity her firm will have at ending of next year. At the end of the most current fiscal year, MP's retained earnings were $158,000. Controller has evaluated that over next year, gross profits will be $360,700, earnings after tax will total= $23,400, and MP will pay= $12,400 in dividends. Write down estimated retained earnings at ending of next year?

Reference no: EM1310772

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