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Given the following financial statements, what is the forecasted external financing needed if all revenues, expenses, and assets remain a constant percent of sales, and

Given the following financial statements, what is the forecasted external financing needed if all revenues, expenses, and assets remain a constant percent of sales, and sales increase by 30%? Assume the common stock account and liability accounts will remain fixed and the dividend payout ratio remains constant.image text in transcribed

$2,556

$1,794

$4,350

($ thousands) 2012 Income Statement Oscar's Incredible Eatery 17.300 10,600 3.250 3,450 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest expense Earnings before tax Tax Earings after tax Dividends 680 2.770 940 1.830 450 2012 Balance Sheet 350 1.920 Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets 940 2,360 3,650 10.850 14,500 Accounts payable Long-term debt Common stock Retained earnings 3,500 7.500 1.580 Total liab & equity 14.500

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