2. 5.

EFN [LO 2] The most recent financial statements for Murrurundi Lakes Limited are shown here:

1. Assets, expenses and current liabilities are proportional to sales. Noncurrent debt and equity are not. The company maintains a constant 40 per cent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 per cent. What is the external financing needed?

Transcribed Image Text:

Statement of profit or loss Revenue $7900 Statement of financial position Expenses 5500 Current Current $ 3900 $ 2100 assets liabilities