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Assets and costs are proportional to sales. Debt and equity are not. A dividend of $ 3 , 8 0 0 was paid, and the
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $ was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $ What is the external financing needed? Do not round intermediate calculations.
The most recent financial statements for Locke, Inc., are shown here:
tableINCOME STATEMENT,BALANCE SHEETSales$Assets,$Debt,$ CostsEquity,tableTaxableincome$Total,$Total,$
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