Goldilochs Inc

question 81

Multiple Choice

Goldilochs Inc. reported sales of $5 million and net income of $1 million. The firm has $10.5 million in total assets. The firm's chief financial officer is projecting a 20 percent increase in sales. If the firm's sales do increase by 20 percent, it is expected that spontaneous liabilities will increase by $1 million. The firm currently pays out 30 percent of its net income to shareholders. Assuming that all assets are expected to grow with sales, how much in additional funds will Goldilochs need from external sources to fund the expected growth?

• A) $245,000
• B) $197,000
• C) $221,000
• D) $260,000

---

Definitions:

Chromosomal Pattern

The arrangement and number of chromosomes within the nucleus of a cell, characteristic of a species, which influences genetic attributes.

XX

A genetic marker indicating female sex chromosomes.

Chromosome Pattern

The specific arrangement or structure of chromosomes within an organism's cells, which can be indicative of genetic conditions or traits.

Testicles

The male reproductive glands responsible for producing sperm and testosterone, located in the scrotum.