Business, 18.02.2020 00:59 sammypaige08

Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing surplus, it could remedy the situation by a. issuing more common stock. b. paying a special dividend c. reducing its dividend. d. borrowing on its line of credit. e. borrowing from its retained earnings

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Decker Enterprises Below are the simplified current and projected financial statements for Decker En...

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