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Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($
Intro Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($ million) Sales Current assets 15.6 Debt 23 23.4 Fixed assets Costs Equity 18.4 62.4 54.6 Total Net income 4.6 Total assets 78 78 Sales, assets and costs are expected to grow by 36% next year, while debt will stay constant. The company pays out 70% of net income as dividends. Attempt 1/10 for 10 pts. Part 1 What is the external financing needed (EFN) for next year (in $ million)
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