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EFN (L02) The most recent financial statements for Suncrest Inc. are shown here: Statement of Comprehensive Income $26,400 17,300 $ aioo 3,640 $ 5,460 Statement
EFN (L02) The most recent financial statements for Suncrest Inc. are shown here:
Statement of Comprehensive Income
$26,400
17,300 $ aioo
3,640
$ 5,460
Statement of Financial Position
Sales
Costs
Taxable income
Taxes (40%)
Net income
Assets
Total
$65,000 Debt
_________ Equity
$65,000 Total
$27,400
37,600 $65,000
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 was paid, and Suncrest wishes to maintain a constant payout ratio. Next year's sales are projected to be $30,360. What is the external financing needed
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