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A company has a profit margin of 21% and a dividend payout ratio of 39%. Last year's sales were $83,250 and total assets were $56,450.
A company has a profit margin of 21% and a dividend payout ratio of 39%. Last year's sales were $83,250 and total assets were $56,450. None of the liabilities vary directly with sales, but assets and expenses do. If the sales growth rate is 20%, how much external financing is needed?
Question options:
| -$1,470 |
| -$1,507 |
| -$1,545 |
| -$1,583 |
| -$1,620 |
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