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Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,388 1,590 Net income $ 798 2014 $2,696 Balance Sheet, Year-End
Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,388 1,590 Net income $ 798 2014 $2,696 Balance Sheet, Year-End 2015 $4,266 Debt Equity Assets 2014 $955 $1,741 2015 $1.454 2,812 Total $2,696 $4,266 Total $2,696 $4,266 If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2016 of 15%, 20%, and 25%. (Round your answers to 3 decimal places.) 15% 20% 25% Growth Rate Required external financing
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