How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask SteveS Your Own Question
SteveS, MBA
Category: Homework
Satisfied Customers: 453
Experience:  MBA from Top 5 US Business School, Tutoring Experience for Over Two Years
Type Your Homework Question Here...
SteveS is online now
A new question is answered every 9 seconds

The Landis Corporation had 2008 sales of $100 million. The

Resolved Question:

The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows:
Cash 5%
Accounts receivable 15
Inventory 25
Net fixed assets 40
Accounts payable 15
Accruals 10
Profit margin after taxes 6%
The dividend payout rate is 50 percent of earnings, and the balance in retained earnings at the end of 2008 was $33 million. Common stock and the company’s long-term bonds are constant at $10 million and $5 million, respectively. Notes payable are currently $12 million.
Submitted: 7 years ago.
Category: Homework
Expert:  SteveS replied 7 years ago.


Here's the solution. The link will take you to an external site called Mediafire, where the Excel file is stored. Please download the file and save a copy locally on your computer. If you have any questions, please let me know. If you are satisfied with the answer, please remember to click the Accept button. Thanks.


Customer: replied 7 years ago.
I am having a problem downloading the file. Do you have a different avenue?
Customer: replied 7 years ago.
I viewed the file. I need the sales increase to equal 20% from 2008. Would you have it in that format? I will accept with that percentage. Thanks for your help.
Expert:  SteveS replied 7 years ago.

You need to spend $3 to view this post. Add Funds to your account and buy credits.
SteveS and 2 other Homework Specialists are ready to help you

Related Homework Questions