Esther egg farm is contructing its pro forma financial, Ask an Expert

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Esther egg farm is contructing its pro forma financial statements for this year. At year end, assest were 400,000 and accounts payable(the only curren liabilities account) were 125,000 last year sales were 500,000. esther expects to grow by 15% this year. assests and account payables are expected to grow proportionally sales. common stock currently equals 140,000 and reained earnings aare 98,000. esther plans to sell 15000 of new common stock this year. the firm profit mergin on sales is 6% and 40& of earnings will be paid out as divideneds how much new long term debt financining will esther need this year to finance it expected growth?

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Financial Management, Finance

Category:- Financial Management
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