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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 5,000 Cost 3,900 Net income $ 1,100 BALANCE SHEET, YEAR-END 2011
Here are the abbreviated financial statements for Planners Peanuts: |
INCOME STATEMENT, 2012 | |||
Sales | $ | 5,000 | |
Cost | 3,900 | ||
Net income | $ | 1,100 | |
BALANCE SHEET, YEAR-END | |||||||||
2011 | 2012 | 2011 | 2012 | ||||||
Assets | $ | 7,500 | $ | 8,000 | Debt | $ | 833 | $ | 1,000 |
Equity | 6,667 | 7,000 | |||||||
Total | $ | 7,500 | $ | 8,000 | Total | $ | 7,500 | $ | 8,000 |
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 20%, 25%, and 30%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
External Financing | |
20% | $ |
25% | |
30% | |
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