The Most Recent Financial Statements for 7 Seas, Inc

question 103

Multiple Choice

The most recent financial statements for 7 Seas, Inc. are shown here: Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm in its industry, next year's sales are projected to increase by exactly 16 percent. What is the external financing need?

• A)$1,241.76
• B)$1,411.16
• C)$1,583.09
• D)$2,211.87
• E)$2,349.98

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Definitions:

Low Productivity

Reduced effectiveness in producing goods or services, often measured by output per labor hour.

Laziness

A lack of willingness or motivation to work or exert effort; often perceived as a negative trait resulting in reduced productivity.

Internal Causes

Factors within a person or organization that influence outcomes, such as attitudes, motivations, or knowledge.

External Causes

Refer to factors or events outside of an organization or individual's control that impact outcomes, operations, or decisions.