Question
Intro Haier sells household electronics online. Its 2022 income statement and end of 2022 balance sheet are given below: Income statement Balance sheet ($
Intro Haier sells household electronics online. Its 2022 income statement and end of 2022 balance sheet are given below: Income statement Balance sheet ($ million) ($ million) Sales 680 Current assets 242 Debt 363 Costs 544 Fixed assets 968 Equity 847 Net income 136 Total assets 1,210 Total 1,210 Sales, costs, and total assets are expected to grow by 35% in 2023. The company is expected to pay out 30% of net income as dividends and to keep its debt-equity ratio constant in 2023. Part 1 Attempt 1/3 for 10 pts. What is the external (equity) financing needed (EFN) for year 2023 (in $ million)? p+ decimals Submit
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