Calculate the total assets of harmon photo company
Course:- Finance Basics
Reference No.:- EM13298369

Assignment Help
Assignment Help >> Finance Basics

Using the AFN formula approach, calculate the total assets of Harmon Photo Company given the following information: Sales this year = $3,000; sales increase projected for next year = 20%; net income this year = $250; dividend payout ratio = 40%; projected excess funds available next year = $100; accounts payable = $600; notes payable = $100; and accrued wages and taxes = $200. Except for the accounts noted, there were no other current liabilities. Assume that the firm's profit margin remains constant and that the company is operating at full capacity.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
he dividends of XLNT are expected to grow at about 4 percent per year indefinitely. If the risk-free rate is 5 percent and investors' risk premium is 7.5 percent, estimate t
What is the crossover rate, and what is its significance? What is each project's MIRR at a cost of capital of 12%? At r 18%? (Hint: Consider Period 7 as the end of Project B's
FDIC Insurance What led to the establishment of FDIC insurance? Describe Financial Services Modernization Act of 1999. Explain how it affected commercial bank opera- tions an
Complete the worksheet and determine the net profit per unit to Reska, Inc., for each possible future spot rate. Determine the break-even point(s) of the long straddle. What a
How much collection float (in days) does the firm currently have? If the firm’s opportunity cost is 11%, would it be economically advisable for the firm to pay an annual fee o
What is the yield to maturity of a 5-year bond that pays a coupon rate of 7.60 percent per year, has a $1,000 par value, and is currently priced at $1,255? Assume annual cou
Different products have different elasticity's. Heart medication, for example, is inelastic & corn is elastic. Determine a product and explain the price elasticity and income
Analyze the major pros and cons of preparing company budgets. Determine at least two critical budget items that you believe are essential in managing a company. Provide a ra