Sambonoza Enterprises Projects Its Sales Next Year To Be $4 Million And Expects To Earn 5 Percent Of That Amount After Taxes. The Firm Is Currently In The Process Of Projecting Its Financing Needs And Has Made The Following Assumptions (projections): 1. C

匿名用户 最后更新于 2021-11-29 14:52 金融Finance


Sambonoza Enterprises projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): 1. Current assets will equal 20 percent of sales, and fixed assets will remain at their current level of $1 million. 2. Common equity is currently $0.8 million, and the firm pays out half its after-tax earnings in dividends. 3. The firm has short-term payables and trade credit that normally equal 10 percent of sales, and it has no long- term debt outstanding. What are Sambonoza's financing requirements (i.e., total assets) and discretionary financing needs (DFN) for the coming year?

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