# Fin – the procter & gamble company 36819

Question1. Using the data in the student spreadsheet file P&G.xlsx (to find the student spreadsheets for Financial Analysis with Microsoft Excel, fifth edition, go to www.cengage.com/finance/mayes) forecast the June 30, 2011, income statement and balance sheet for Procter & Gamble. Use the percent of sales method and the following assumptions: (1) Sales in FY 2011 will be \$81,000; (2) The tax rate will be 27.26%; (3) Each item that changes with sales will be the five-year average percentage of sales; (4) the preferred dividend will be 219; and (5) the common dividend payout ratio will be 42% of income available to common stockholders.
a. What is the discretionary financing needed in 2011? Is this a surplus or deficit?
b. Assume that the DFN will be absorbed by long-term debt and that the total interest rate is 4.50% of LTD. Set up an iterative worksheet to eliminate it.
c. Create a chart of cash vs. sales and add a linear trend line. Is the cash balance a consistent percentage of sales? Does the relationship fit your expectation?
d. Use the regression tool to verify your results from part c. Is the trend statistically significant? Use at least three methods to show why or why not.
e. Turn off iteration, and use the Scenario Manager to set up three scenarios:
1) Best Case — Sales are 5% higher than expected.
2) Base Case — Sales are exactly as expected.
3) Worst Case — Sales are 5% less than expected.
What is the DFN under each scenario?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.