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Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 9,500 Cost 7,500 Net income $ 2,000 BALANCE SHEET, YEAR-END 2011
Here are the abbreviated financial statements for Planners Peanuts: |
INCOME STATEMENT, 2012 | |||
Sales | $ | 9,500 | |
Cost | 7,500 | ||
Net income | $ | 2,000 | |
| | | |
BALANCE SHEET, YEAR-END | |||||||||
2011 | 2012 | 2011 | 2012 | ||||||
Assets | $ | 7,500 | $ | 8,000 | Debt | $ | 853 | $ | 1,000 |
Equity | 6,647 | 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 25%, 30%, and 35%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
External Financing | |
25% | $ |
30% | |
35% | |
|
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