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The Following Balance Sheet and Income Statement Should Be Used

Question 114

Multiple Choice

The following balance sheet and income statement should be used: The following balance sheet and income statement should be used: Assume that Taylor, Inc. is operating at full capacity. Also assume that all costs, net working capital, and fixed assets vary directly with sales. The debt-equity ratio and the dividend payout ratio are constant. What is the projected increase in total assets if sales are projected to increase by 25%? A) $3,210 B) $3,340 C) $3,690 D) $5,140 E) $5,380 The following balance sheet and income statement should be used: Assume that Taylor, Inc. is operating at full capacity. Also assume that all costs, net working capital, and fixed assets vary directly with sales. The debt-equity ratio and the dividend payout ratio are constant. What is the projected increase in total assets if sales are projected to increase by 25%? A) $3,210 B) $3,340 C) $3,690 D) $5,140 E) $5,380 Assume that Taylor, Inc. is operating at full capacity. Also assume that all costs, net working capital, and fixed assets vary directly with sales. The debt-equity ratio and the dividend payout ratio are constant. What is the projected increase in total assets if sales are projected to increase by 25%?


A) $3,210
B) $3,340
C) $3,690
D) $5,140
E) $5,380

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