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Income Statement Sales Costs Taxable income Taxes Net income 23,600 18,340 5,260 1,840 3,420 1,368...

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Income Statement Sales Costs Taxable income Taxes Net income 23,600 18,340 5,260 1,840 3,420 1,368 Dividends Balance Sheet 2015 5,860 19,600 2015 2,470 8,800 10,000 4,190 Current assets Net fixed assets Current liabilities Long-term debt Common Stock Retained Earnings Assume that net working capital and all costs increase directly with sales. Also assume that the tax rate and the dividend payout ratio are constant. The firm is currently operating at full capacity What is the external financing need if sales increase by 4 percent? A. $1,214.48 B. -$804.15 C.-S397.19 D. $201.16 E. S525.38 5. ABC Company has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $22. What is the price-earnings ratio? A. 5.39 8.98 C. 11.42 13.15 E. 14.27 6. Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another 20 years and that the applicable discount rate is 9 percent. Given these assumptions, what is this employee benefit worth to you today? Assume 52 weeks in a year A. S24,106.15 B. $24,618.46 C. $25,211.11 D. S25,306.16 E. S25,987.74

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