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Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2019 Sales $ 2,073 Costs 1,781 Net income $ 292 Balance Sheet, Year-End 2018
Here are the abbreviated financial statements for Planners Peanuts:
Income Statement, 2019 | ||
Sales | $ | 2,073 |
Costs | 1,781 | |
Net income | $ | 292 |
Balance Sheet, Year-End | |||||||||||||
2018 | 2019 | 2018 | 2019 | ||||||||||
Assets | $ | 2,761 | $ | 4,208 | Debt | $ | 891 | $ | 1,769 | ||||
Equity | $ | 1,870 | 2,439 | ||||||||||
Total | $ | 2,761 | $ | 4,208 | Total | $ | 2,761 | $ | 4,208 | ||||
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of 15%, 20%, and 25%. (Do not round intermediate calculations. Round your answers to 3 decimal places.)
Growth Rate | 15% | 20% | 25% | |||
Required external financing | $ | $ | $ | |||
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