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Current financial information for Henri Corp. are presented below $890 Income Statement Balance Sheet Current Sales $3,500 Current assets $3,600 liabilities Long-term Costs 2,400 Fixed
Current financial information for Henri Corp. are presented below $890 Income Statement Balance Sheet Current Sales $3,500 Current assets $3,600 liabilities Long-term Costs 2,400 Fixed assets 5,600 debt Taxable income $1,100 Equity Taxes (22%) 242 Total $9,200 Total Net income $858 3,600 4,710 $9,200 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 40 percent dividend payout ratio. Analysts assume that next year's sales are projected to increase by exactly 30 percent. Using the information above, estimate the external financing needed by Henri Corp. $1,773.76 $1,823.76 $2,090.76 $1,080.00 $1,873.76
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