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I will thumbs up the correct answer. Thank you! The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet 41,600
I will thumbs up the correct answer. Thank you!
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet 41,600 Assets $155,000 Debt 28,000 47,000 Equity 108,000 Sales Costs Taxable 13,600 Tt $155,000 Total $155,000 income Taxes (25%) 3,400 Net income $10,200 Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $47,424. What is the external financing needed? (Do not round intermediate calculations.) Answer is complete but not entirely correct. External financing needed$ 14,493Step by Step Solution
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