A Firm Has Total Assets of $262,000,long-Term Debt of $105,000,stockholders

question 39

Multiple Choice

A firm has total assets of $262,000,long-term debt of $105,000,stockholders' equity of $111,000,and current liabilities of $46,000.The retention ratio is 60 percent and the profit margin is 6 percent.Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity.What is the external financing need if the current sales of $275,000 are projected to increase by 10 percent?

• A)$210
• B)$14,340
• C)$6,200
• D)$10,890
• E)$10,710

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