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income statement balance sheet sales 43,000 assets 104,500 debt 28200 cost 30,200 equity 76300 taxable income 12,800 total 104,500 total 104,500 taxes 34% 4,352 net
income statement | balance sheet | |||||
sales | 43,000 | assets | 104,500 | debt | 28200 | |
cost | 30,200 | equity | 76300 | |||
taxable income | 12,800 | total | 104,500 | total | 104,500 | |
taxes 34% | 4,352 | |||||
net income | 8,448 |
4.) EFNThe most recent financial statements for Cornell, Inc., are shown here:
Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,600 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $50,310. What is the external financing needed?
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