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Assets and costs are proportional to sales. Debt and equity are not. No dividend is paid. Next year sales are projected $48,300. What is the
Assets and costs are proportional to sales. Debt and equity are not. No dividend is paid. Next year sales are projected $48,300. What is the external financing needed? The most recent financial statements for Cariboo Co. are shown here: Statement of Comprehensive Income $42,000.00 Costs 28,500.00 Taxable income 13,500.00 Taxes (34%) 4,590.00 $8.910.00 Sales Net income Statement of Financial Position Assets $98,000.00 $ 52,500.00 Debt Equity $45,500.00 $98.000.00 $98.000.00
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