FIN 415 Chapters 4, 11 and 16 1. What is the amount of external financing needed, assuming the company is operating at full capacity? Assume Sales grow at 15% and Dividend Payout Rate = 50%. Tasha's Toy Emporium Income Statement, 2009 Current Pro Forma 5.000 -3,000 2,000 Sales Less: costs EBT Less: taxes (40% of EBT) Net Income Dividends Add. To RE -800 1.200 600 600 Tasha's Toy Emporium - Balance Sheet Current Pro Formal Current Pro Forma Liabilities & ASSETS Owners' Equity Current Current Assets Liabilities Cash $500 $900 AIR 2.000 N/P 2.500 Inventory 3,000 Total 3.400 Total 5,500 LT Debt 2.000 Fixed Assets Owners' Equity Net PP&E 4,000 CS & APIC 2.000 Total Assets 9.500 2,100 Total 4,100 Total L & OE 9,500 RE EFN Plug Variable