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The Following Balance Sheet and Income Statement Should Be Used

Question 263

Multiple Choice

The following balance sheet and income statement should be used: The following balance sheet and income statement should be used: Assume that Taylor, Inc. is operating at full capacity. Also assume that assets and costs vary directly with sales but liabilities do not. The dividend payout ratio and profit margin are constant. What is the External financing need if sales increase by 10%? A) $478.60 B) $622.00 C) $788.20 D) $1,912.60 E) $2,056.00 The following balance sheet and income statement should be used: Assume that Taylor, Inc. is operating at full capacity. Also assume that assets and costs vary directly with sales but liabilities do not. The dividend payout ratio and profit margin are constant. What is the External financing need if sales increase by 10%? A) $478.60 B) $622.00 C) $788.20 D) $1,912.60 E) $2,056.00 Assume that Taylor, Inc. is operating at full capacity. Also assume that assets and costs vary directly with sales but liabilities do not. The dividend payout ratio and profit margin are constant. What is the
External financing need if sales increase by 10%?


A) $478.60
B) $622.00
C) $788.20
D) $1,912.60
E) $2,056.00

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