78.

The most recent financial data for Porters Corner is:

Sales	$4,650
Costs	4,160
Net income	490
Assets	5,820
Debt	2,760
Equity	3,060

Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,487. What is the amount of the external financing needed?

A.	-$28
B.	$469
C.	$611
D.	$1,048
E.	$823

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 4-03 Learning Objective: 04-02 How to compute the external financing needed to fund a firms growth. Section: 4.3 The Percentage of Sales Approach Topic: External financing need

79.

The most recent financial information for Last in Line is:

Sales	$9,800
Costs	8,740
Net income	1,060
Assets	8,950
Debt	4,760
Equity	4,190

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $10,584. What is the amount of the external financing need?

A.	$716
B.	$1,333
C.	-$1,574
D.	-$382
E.	-$28

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 4-04 Learning Objective: 04-02 How to compute the external financing needed to fund a firms growth. Section: 4.3 The Percentage of Sales Approach Topic: External financing need

80.

The most recent financial data for Ocean Movers, Inc. is:

Sales	$19,700
Costs	15,250
Taxes	1,513
Net income	2,937
Current assets	3,018
Fixed assets	18,282
Current liabilities	2,940
Long-term debt	7,600
Equity	10,760

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Next year's sales are projected to increase by 7 percent. What is the external financing need if the firm is currently operating at full capacity?

A.	-$286
B.	-$141
C.	$583
D.	$912
E.	$1,285

show the explanation to the questions please.