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The CEO of St. Hubbins International Traders, David St. Hubbins, gave a speech at the annual shareholders meeting in which he pledged to maintain a 3.5% growth rate of sales without increasing the company’s debt load.

An abridged look at the company financials a few weeks later offered these details:

SALES = $31.5 million

ASSETS = $26.7 million

DEBT TO EQUITY RATIO = .75

DIVIDEND PAYOUT RATIO = .55

The company is waiting on final figures for profits …

Based upon this data, what will the profits need to be in order for Mr. St. Hubbins to keep his pledge?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92316771

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