FIN 200 wk 3 Pro Forma Statements

Apr 18th, 2015
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LANDIS CORPORATIONa.b.If Landis reduces the payout ratio, the company will retain more earnings and need less external funds. A slower growth rate means that less assets will have to be financed and in this case, less external funds would be needed. A declining profit margin will lower retained earnings and force Landis Corporation to seek more external funds.c.Balance Sheet-December 31, 2009(Dollars in Millions)Cash$ 5.75Accounts Payable$17.25Accounts Receivable17.25Accruals11.50Inventory28.75Notes Payable17.551Net Fixed Assets46.00Long-Term Bonds5.00Commo

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