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problem: The following is the balance sheet for 2003 for Marbell Inc.

 

Marbell Inc.

 

 

Balance Sheet

 

 

12/31/2003

 

Assets

 

Liabilities and Stockholders' Equity

 

Cash

$15,000

Accts. Payable

$90,000

Accts. Rec.

90,000

Notes payable (non-spontaneous)

30,000

Inventory

60,000

Accrued expenses

7,500

Current Assets

165,000

Current Liabilities

127,500

Fixed assets (non-spontaneous)

60,000

Common stock

75,000

 

 

Retained earnings

22,500

Total assets

$225,000

Total Liabilities + S. E. Equity

$225,000

Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20 percent. Suppose that Marbell Inc. is operating below capacity, compute the amount of new funds needed to finance this growth. Marbell has an 8 percent return on sales & 70% is paid out as dividends.

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921526

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