Question
Income statement Balance sheet Sales $28,300 Assets $58,400 Debt $25,400 Costs $19,80 Equity 33,000 Taxable income. $8,500 Total $58,400 Total $58,400 Taxes (40%) $3,400 Net
Income statement Balance sheet
Sales $28,300 Assets $58,400 Debt $25,400
Costs $19,80 Equity 33,000
Taxable income. $8,500 Total $58,400 Total $58,400
Taxes (40%) $3,400
Net Income $5,100
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $32,545.
What is the external financing needed? ( Do not round intermediate calculations.)
External financing needed $
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