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Below given are the Income statement and Balance Sheet of Wall Green Corp. for the year 2022. Income statement Sales Costs $ 4,500.00 3,948.00
Below given are the Income statement and Balance Sheet of Wall Green Corp. for the year 2022. Income statement Sales Costs $ 4,500.00 3,948.00 Taxable income 552.00 Taxes (34%) 187.68 Net income $ 364.32 Balance Sheet Current Assets 5,060.00 Current Liabilities 1,012.00 Fixed Assets 6,555.00 Long Term Debt 3,580.00 Equity 7023.00 Total 11,615.00 Total 11,615.00 Assets and costs are proportional to sales and Debt and Equity are not. The company maintains a constant 40% dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 10%. a) Based on the 2023 pro-forma Income Statement and the Balance sheet for Wall Green Corp, find the External Financing Figure. b) From the financial statements given for Wall Green Corp, find the Internal Growth rate figure.
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