Liliana Velazquez

Business

22 January, 20:53

The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 20,700 Current assets $ 12,060 Debt $ 16,780 Costs 14,200 Fixed assets 34,200 Equity 29,480 Taxable income $ 6,500 Total $ 46,260 Total $ 46,260 Taxes (24%) 1,560 Net income $ 4,940 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio.

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