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The financial statements of Eagle Sport Supply are shown in the table below. For simplicity, “Costs” include interest. Assume that Eagle’s assets are proportional to its sales. Income Statement Sales $ 950 Costs 250 Pretax income $ 700 Taxes (at 28.6%) 200 Net income $ 500 Balance Sheet, Year-End 2017 2016 2017 2016 Assets $ 3,000 $ 2,700 Debt $ 1,000 $ 900 Equity 2,000 1,800 Total $ 3,000 $ 2,700 Total $ 3,000 $ 2,700 a. Find Eagle’s required external funds if it maintains a dividend payout ratio of 60% and plans a growth rate of 15% in revenue, expenses, and assets in 2018. Assume the tax rate remains constant. (Do not round intermediate calculations. Round your answer to 1 decimal place.) External funds needed $ b. If Eagle chooses not to issue new shares of stock, what is the value of debt in 2018? (Do not round intermediate calculations. Round your answer to 1 decimal place.) Value of debt $ c. Suppose that the firm plans instead to increase long-term debt only to $1,100 and does not wish to issue any new shares of stock. What must be the 2018 dividend payment now? (Do not round intermediate calculations. Round your answer to 1 decimal place.) Dividends $
Convertible preferred stock Valerian Corp. convertible preferred stock has a fixed conversion ratio of 4 common shares per 1 share of preferred stock. The preferred stock pays a dividend of $7.00 per share per year. What factors might cause an invest..
Discuss the following statement: All else equal, firms with relatively stable sales are able to carry relatively high debt ratios. Is this statement true or false? Why? Why is EBIT generally considered independent of financial leverage? Why might EBI..
In theory, the "market portfolio" should contain:
The expected change in the dollars to euro exchange rate is 0.5% per month and the standard deviation of the monthly rate of change is 1.5%.
What signals does the initiation and continuance of the dividend payments make to the market? How will dividend payments affect future growth of the company.
You have accumulated some money for your retirement. How much money have you accumulated for your retirement?
Given an MPT with a starting pool balance of $100,000, 30 year FRMs, monthly payments, servicing fee 0.5%, mortgage rate 9.5%, and prepayment PSA 100, Given that the starting balance in month 4 is $99,751, what is dollar amount of prepayment in month..
What are the sources of capital for a for profit company? What are the pros and cons of the various sources of capital?
You are considering moving your money to new bank offering a? one-year CD that pays an 5 %5% APR with monthly compounding.
The Sterling Tire Company's income statement for 2013 is as follows: Sterling Tire Company. Income Statement
Investment income resulting from the investment of both the reserves established to pay off future claims and the property and casualty company's surplus
Suppose the market portfolio's excess return tends to increase by 30% when the economy is strong and decline by 20% when the economy is weak. A type S firm has excess returns that increase by 45% when the economy is strong and decrease by 30% when th..
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