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Homework answers / question archive / Galehouse Gas Stations Inc
Galehouse Gas Stations Inc. expects sales to increase from $1,620,000 to $1,820,000 next year. Galehouse believes that net assets (Assets − Liabilities) will represent 40 percent of sales. His firm has an 8 percent return on sales and pays 50 percent of profits out as dividends. a. What effect will this growth have on funds?
A.the cash balance will be ?
If the dividend payout is only 25 percent, what effect will this growth have on funds?
B. the cash balance will be ?
