A company plans to grow sales at 10 annual rate for 2010, Ask an Expert

Finance

A company plans to grow sales at 10% annual rate for 2010. Long term debt is expected remain at $60,000 and interests expense remains at $3600. Assuming Income statement and balance sheet relationships to sales remain unchanged, what is A's external funding need for 2010

2009

Sales 150,000 Assets 150,000

EBIT 15,000 CL 10,000

Net income 10,000 Total LT debt 60,000

Dividends 4,000 Total Equity 80,000 Total Liab. and Equity 150,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92807048

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