19.

QUESTION 19 to paint 10 points SHAPE Given the financial statements below for Dragonfly Enterprises, what is the external financing need for a proforma increase in sales of 25% if the company is operating at full capacity? Enter your answer as the nearest while ley, 12.3), hut clotkit include the $ sign. Dragonfly Enterprises Income Statement (S Million) 2011 Sales 370 Custofuxids Sale 226 62 20 - 62 ha Sellinu. Cien & Admin Ex Depreciation Farning Refore Int & Tax Interest Expense Taxable Income Taxes at 40% Net Income Dividends Addition to Rotainod Eam. 12 50 50 20 30 9 21 Balaco Sboets as of 12-31 20101 2011 Assets Cash 10 10 Account Receivable 46 SD 43 Toventory Total Current Assets Net Fixed Assets 99 105 166 195 12 Interest Expense Taxable income 50 20 Taxes at 40% Net Income 30 9 Diviclends Addition to Reticod Eara. 21 2010 2011 10 10 46 50 Balance Sheets as of 12-31 Assets Cash Account Receivable luventory Total Current Assets Nct Fixed Assets Total Assets 43 45 99 105 166 195 265 30X1 2010 2011 26 30 0 0 0 26 30 Liabilities and Owners Equity Accounts l'ayable Notes Payable Total Current Liabilities Long-Term Dabt Common Slick Retained Earnings Total Liab, and Owners Eq 140 150 22 77 22 98 265 300