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Here are the abbreviated financial statements for Planners Peanuts If the dividend payout ratio is fixed at 50%, calculate the required total external financing for
Here are the abbreviated financial statements for Planners Peanuts If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2018 of 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) NOTE: Use the growth rates in the question above and not the figures in the table below.
| INCOME STATEMENT, 2017 | |||
| Sales | $ | 8,000 | |
| Cost | 6,300 | ||
| Net income | $ | 1,700 | |
| BALANCE SHEET, YEAR-END | |||||||||||||||||||
| 2016 | 2017 | 2016 | 2017 | ||||||||||||||||
| Assets | $ | 4,500 | $ | 5,000 | Debt | $ | 853 | $ | 1,000 | ||||||||||
| Equity | 3,647 | 4,000 | |||||||||||||||||
| Total | $ | 4,500 | $ | 5,000 | Total | $ | 4,500 | $ | 5,000 | ||||||||||
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