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What is the additional net financing needed for project year

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Reference no: EM132492431

udd Enterprises

These are the simplified financial statements for Judd Enterprises. Income statementCurrent

Projected Salesna                      1,000

Costsna                                     720

Profit before taxna                        280

Taxes (25%)na                            70

Net incomena                                210

Dividendsna                                  63

Balance sheets                     CurrentProjected CurrentProjected

Current assets                              100                 115

Current liabilities                             70                   81

Net fixed assets                              900                1,080

Long-term debt 400

Common stock 300

Retained earnings 230

?Question 1: Refer to the Judd Enterprises financial statements. If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year?

a.$33

b.$37

c.$339

d.$396

e.$30

Reference no: EM132492431

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