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LM Products has total assets of $48,900, total debt of $21,750, long-term debt of $18,100, owners' equlty of $27,150, dividends pald of $1,925, and net
LM Products has total assets of $48,900, total debt of $21,750, long-term debt of $18,100, owners' equlty of $27,150, dividends pald of $1,925, and net Income of $5,500. Assume net working capital and all company costs Increase directly with sales. Also assume the tax rate and the dividend payout ratio are constant and the company is currently operating at full capacity. What is the external financing need If sales Increase by 4 percent? ultiple Choice $1,908 -$804 -$397 $1,201 $1.344
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