Business, 05.02.2021 22:00 kobrien9146
Shown below is Jensen Company's projected income statement for year 2021, and the balance sheet as of the end of 2020.
Pro Forma Income Statement 2021 Balance Sheet Dec. 31 2020 Dec. 31 2021
Revenues 7,000,000 Cash 30,000
Inventory 270,000
Fixed Assets (Net) 4,700000
Total Assets 5,000000
Payables 180,000
LT. Debt 18,20000
Equity 3,000000
Liabilities + Equity 5000000
Depreciation 5,00000
Other Expenses 5,800000
Income 7,00000
Dividends 500,000
Sales are expected to increase from $5 million in 2020 to $7 million in 2021, and net income is expected to increase from $500,000 in 2020 to $700,000 in 2021. To accommodate this sales growth Jensen will have to invest $2.5 million in a new warehouse and computerized distribution system. Working capital accounts, including cash, inventory, and payables, will grow at the same rate as sales. Jensen is contractually committed to pay down its long-term debt by $400,000 by the end of the year. For simplicity, ignore interest on debt. Compute Jensen's "Internal Growth Rate". Will Jensen need external capital during 2021? What specifically, is the amount of External Funds Needled (EFN) as of the end of year 2021?
Answers: 1
Business, 22.06.2019 07:00
What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?
Answers: 1
Business, 22.06.2019 11:50
Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.
Answers: 2
Business, 22.06.2019 15:00
(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?
Answers: 2
Shown below is Jensen Company's projected income statement for year 2021, and the balance sheet as o...
Physics, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Social Studies, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Social Studies, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Mathematics, 14.06.2020 21:57
Arts, 14.06.2020 21:57
Social Studies, 14.06.2020 21:57