Goldilochs Inc

question 24

Multiple Choice

Goldilochs Inc. reported sales of $8 million and net income of $2 million. The firm has a total asset turnover of 3.2. The firm's chief financial officer is projecting a $5 million increase in sales and that spontaneous liabilities will increase by $350,000 automatically. The firm currently pays out 80 percent of its net income to shareholders. Assuming that all assets and current liabilities are expected to grow with sales, how much in additional funds will Goldilochs need from external sources to fund the expected growth?

• A) $501,900
• B) $562,500
• C) $601,800
• D) $446,600

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Definitions:

Interpersonal Conflicts

Disagreements or clashes between individuals due to differences in opinions, beliefs, or interests.

Emotional Needs

Fundamental aspects of psychological well-being, including feeling loved, understood, and valued.

Somatic System Disorder

A mental disorder characterized by physical symptoms that suggest illness or injury, but which cannot be fully explained by a medical condition or substance use, and are not attributable to another mental disorder.

Psychiatric Counseling

A therapeutic approach focused on diagnosing and treating mental health disorders through conversation with a mental health professional.