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Judd Enterprises
These Are the Simplified Financial Statements for Judd

question 36

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Judd Enterprises
These are the simplified financial statements for Judd
Enterprises.
 Income statement  Current  Frojected  Sales  na 1,000 Costs  na 720 Profit before tax  na 280 Taxes (25%)  na 70 Net income  na 210 Dividends  na 63\begin{array} { l r r } \text { Income statement } & \text { Current } & \text { Frojected } \\ \text { Sales } & \text { na } & 1,000 \\ \text { Costs } & \text { na } & \underline{720 }\\ \text { Profit before tax } & \text { na } & 280 \\ \text { Taxes } ( 25 \% ) & \text { na } & 70 \\ \text { Net income } & \text { na } & 210 \\ \text { Dividends } & \text { na } & 63 \end{array}

 Balance sheets  Current  Projected  Current  Projected  Current assets 100115 Current 7081 Net fixed assets 9001,080 liabilities  Long-term debt 400 Common stock 300 Retained 230 earnings \begin{array} { l r r r r r } \text { Balance sheets } & \text { Current } & \text { Projected } && \text { Current } & \text { Projected } \\ \text { Current assets } & 100 & 115 & \text { Current } & 70 & 81 \\ \text { Net fixed assets } & 900 & 1,080& \text { liabilities } & \\ & & & \text { Long-term debt } & 400 \\ & & & \text { Common stock } & 300 \\ & & & \text { Retained } & 230\\&&&\text { earnings } \end{array} ?
-Refer to the Judd Enterprises financial statements.If Judd does not plan on issuing new stock or additional long-term debt, then what is the additional net financing needed for the projected year?

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Densely Populated

An area characterized by a high number of people living within a given space.

Water Cycle

The continuous movement of water on, above, and below the surface of the Earth, involving processes such as evaporation, condensation, precipitation, and runoff.

Equatorial Air

A type of warm, moist air found near the Earth's equator, contributing to the climate and weather patterns of equatorial regions.

Moisture

The presence of a liquid, especially water, often in trace amounts.

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