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Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $555 Cash & securities $605 Current liabilities Sales $17,100

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Find below the Company's financial statements for year 2525. Balance Sheet, 12/31/2525 Income, 1/1 - 12/31/2525 $555 Cash & securities $605 Current liabilities Sales $17,100 $900 Inventory $850 Debt total costs $16,900 $2,100 PP&E $2,100 Stockholders' equity. net income $200 $3,555 Total assets $3,555 dividends $130 new retained earnings $70 For 2526 the company plans 18.40% sales growth. They plan to hold constant the asset turnover (sales/total assets) and payout ratio (=dividendset income). They plan to increase Current Liabilities spontaneously with sales, while holding Debt constant. Suppose the company decides to hold constant their net profit margin (=net income/sales). Given the above plan, how much external financing is needed for year 2526? $278 $350 $460 $546 $425

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