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ABC Inc. is a juice producer which has been growing steadily for the past 5 years. According to the expected market demand, the company is

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ABC Inc. is a juice producer which has been growing steadily for the past 5 years. According to the expected market demand, the company is planning to grow its sales at 15% next year. Since the company is currently operating at full capacity, fixed assets will also grow proportional to sales, same as current assets and current liabilities. However, long-term debt and equity will not grow proportional to sales but rather management will decide upon their next year level based on an acceptable level of debt to equity ratio as well as ROE ratio. The company has a dividend pay-out ratio of 40%, which the management want to maintain in order to meet the shareholders' expectations. Below are the financial statements of ABC Inc. for the year ending Sept 2020. 1) Determine the value of the "External money needed" for next year. (Do not round intermediate calculations. Round the final answer to 2 decimal places, Omit commas, spaces and $ sign) (10 Points) ABC Inc. Income statement Amon DOO A Balance Sheet Amount 0003 Sales (Costs Texable income Taxes (345) Net Income 5.700 4.200 1,500 510 990 Case Accounts Receivables Inventory Current assets Fixed assets Total Assets 200 Accounts Payable 2.000 1500 Accrued Expenses 200 2100 Current liabilities 2.200 2.100 Long-term Obt 3.750 8100 Equity 6,050 12.000 Total Lab & Equity 12.000 Enter your

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