Answers
A. Total assets = 56600*103% = 58298
Option B, $58298
B. Change in sales = 47000 *3% = 1410
(Current Total Assets/Current Sales) x Change in Sales – (Current Liabilities/Current Sales) x Change in Sales – [(NPM x Projected Sales) x (1- Dividend ratio)]
= (56600/47000) x 1410– (6200/47000) x 1410– [(5% x 48410) x (1- 0)]
= -909
Closest is Option A
c. Option c, The company should revise its discretionary sources of financing
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