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Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.2 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $9.2 million next year. Fixed assets are currently fully utilized, and the nature of Wall-E’s fixed assets is such that they must be added in $1 million increments. Assets Liabilities and Equity Current assets $ 2,088,000 Current liabilities $ 2,448,000 Fixed assets 5,112,000 Long-term debt 1,600,000 Equity 3,152,000 Total assets $ 7,200,000 Total liabilities and equity $ 7,200,000 If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall-E need from external sources to fund the expected growth? (Enter your answer in dollars not in millions.) Additional funds needed $
What is the best way to compare these statements in order to figure out which is the smallest? Assume that the effective annual rate for all investments is the same and is greater than zero.
Assume the total cost of a college education will be $285,000 when your child enters college in 22 years. You presently have $35,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college ed..
Assume that the annual expense ratio is netted out of the fund's return.
(leverage and EPS) You have developed the following pro forma income statement for your corporation: If sales should increase by 25 percent, by what percent would earnings before interest and taxes and net income increase. If sales decrease by 25 per..
The term structure of interest rates is:
With celebrity bonds, celebrities raise money by issuing bonds to investors. The royaties from the sales of music are used to pay interest and principal on the bonds. In April of 2009, EMI announced that it intended to securitize its back catalogue w..
Which of the following factors are managers likely to consider when forecasting patient volume?
At a 10% significance level (90% confidence level), what is the critical value in this test? Do we reject the null hypothesis?
The security market line is graphical representation of
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3635 per year, paid at the beginning of each year, in which case maintenance is provied. What is the most she should pay f..
Describe how the profitability index is calculated and describe the information this measure provides about a sequence of cash flows. What is the profitability index decision rule?
Find at least two articles from the Ashford University Library that highlight and discuss two of the biggest challenges facing financial managers today.
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