3.02% D | Question 19 5 pts While at lunch with your head accountant you reviewe

Question

3.02% D | Question 19 5 pts While at lunch with your head accountant you reviewed the idra of purchasing Genzyme Nursing Homes. You question the long-term planning, specifically the projected dividends to be paid. She let you know about the type of financial information needed. You are given for fiscal year 2008 sales of $1.087548.81 costs of $880.914.53, net income of $206.634 27, total assets of $413.268.55, debt of $107 449 82 equity of $305818.72 and sales Increase of 0.1490 The projected dividend to be paid is calculated as O $259.005 32 $172.670 21 $220.6341 5 pts Question 20 DK

Explanation / Answer

Projected dividend 1,91,855.78

Projected Net Income=206634.27*(1.1490) 2,37,422.78 Assets ( 413268.55*(1+0.149)) 4,74,845.56 Debt 1,23,459.84 Equity Balancing Fig 3,51,385.72 Total Liabilities and Equity 4,74,845.56 Increase in Equity =351385.72-305818.72 45567 Projected Net Income=206634.27*(1.1490) 2,37,422.78 Amount Transferred to Equity 45567 Projected dividend 1,91,855.78

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