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
The preferred stock of Walter Industries Inc. currently sells for $36.02 a share and pays $2.48 in dividends annually. What is the firm's cost of capital for the preferred s
In a random sample of 300 elderly men, 65% were married, while in a random sample of 400 elderly women, 48% were married. Which of the following is the 99% confidence interv
The bonds have a par value of $1,000, a current price of $930, and will mature in 20 years. What would the annual yield to maturity be on the bond if you purchased the bond
Dividends have grown at the rate of 5.1% per year and are expected to continue to do so for the foreseeable future. What is Crypton's cost of capital where the firm's rate i
Think of something you want or need for which you currently do not have the funds. It could be a vehicle, boat, horse, jewelry, property, vacation, college fund, retirement
However, the new ownership group thinks they can generate a 5% return from their $2 Billion equity investment, especially when they will likely sign a $3.0 Billion, 15-year
Compare and contrast the two methods that may be used to present operating cash flows in the statement of cash flows.  Which method is preferred by firms and by outsiders?
In this course, you will develop an RFP as well as a detailed budget as part of the Group Project. This paper will help you better understand the types, and variations of bu