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Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet
Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($ million) Current Sales 600 278 Debt 417 assets Fixed Costs 480 1,112 Equity 973 assets Net Total 120 1,390 Total 1,390 income assets Sales, assets and costs are expected to grow by 18% next year. The company is expected to pay NO dividend next year, and wants to keep its debt-equity ratio constant. Part 1 BAttempt 1/10 for 9.5 pts. What is the external (equity) financing needed (EFN) for next year (in $ million)? 1+ decimals Submit
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