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A company projects that next year's sales will grow 1 6 % and ROA ( net income divided by the previous year's total assets )
A company projects that next year's sales will grow and ROA net income divided by the previous year's total assets is constant at but longterm debt and equity do not change with sales automatically except for the new retained earnings The current year's total assets and accounts payable are $ and $ Accounts payable usually grow at the same rate as sales. The company's plowback ratio is always Assuming that total assets must grow at the same speed as sales, what is next year's external financing need round to the closest whole number and the answer could be negative
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