Assume Marble Is Projecting a 20% Increase in Sales for the Coming

question 279

Multiple Choice

Assume Marble is projecting a 20% increase in sales for the coming year, and that assets, all costs, and current liabilities are proportional to sales. Long-term debt is not proportional to sales. Assume the firm's tax rate remains unchanged and the dividend payout is 40%. What is the external financing needed (EFN) for 2018 ($ in millions) ?

• A) $64.1
• B) $110.9
• C) $132.3
• D) $146.7
• E) $152.9

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Definitions:

Healthy Self-Development

The process of recognizing and realizing one's own abilities, strengths, and potential in a way that contributes to personal well-being and growth.

Procrastination

The action of delaying or postponing tasks, often leading to stress, anxiety, and reduced productivity.

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Refers to the failure to use something or someone to its fullest potential or capacity, often resulting in wasted resources or talents.

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A continuous, measurable sequence of events moving from past through present to future.