Using Common Size Statements
Twisted Company owns and operates a small chain of pretzel stands located near colleges and universities. Twisted has experienced significant growth in recent years. The following data are available for Twisted:
Required:
1. Determine how much Twisted’s sales, net income, and assets have grown during these 3 years.
2. Explain how Twisted has financed the increase in assets.
3. Determine whether Twisted’s liquidity is adequate.
4. CONCEPTUAL CONNECTION Explain why interest expense is growing.
5. If Twisted’s sales grow by 25% in 2020. What would you expect net income to be?
6. If Twisted’s assets must grow by 25% to support the 25% sales increase and if 50% of net income is paid in dividends, how much capital must Twisted raise in 2020?
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