2. 4.

EFN [LO 4.2] The most recent financial statements for Narromine Mines Limited are shown here:

1. Assets and expenses are proportional to sales. Debt and equity are not.
A dividend of $2 100 was paid and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $29 210.
What is the external financing needed?

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Statement of profit or loss Statement of financial position Revenue $25 400 Debt $26900