Question
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,500 was paid, and the company wishes to maintain a
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,500 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $33,220. What is the external financing needed?
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
