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Current financial information for Henri Corp. are presented below $810 Income Statement Balance Sheet Current Sales $3,900 Current assets $3,700 liabilities Long-term Costs 2,000 Fixed
Current financial information for Henri Corp. are presented below $810 Income Statement Balance Sheet Current Sales $3,900 Current assets $3,700 liabilities Long-term Costs 2,000 Fixed assets 6,100 debt Taxable income $1,900 Equity Taxes (23%) 437 Total $9,800 Total Net income $1,463 3,590 5,400 $9,800 Costs, current liabilities and assets are assumed to grow in proportion to sales. While long-term debt and equity are not. Assume the firm has a constant 50 percent dividend payout ratio. Analysts assume that next year's sales are projected to increase by exactly 20 percent. Using the information above, estimate the external financing needed by Henri Corp. Multiple Choice $1,082.20 $870.20 $920.20 $718.00 $970.20
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