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Questar Corp has total assets of $2,100,000, long-term debt of $420,000, stockholders' equity of $840,000, and current liabilities of $840,000. The dividend payout ratio is
Questar Corp has total assets of $2,100,000, long-term debt of $420,000, stockholders' equity of $840,000, and current liabilities of $840,000. The dividend payout ratio is 35 percent and the profit margin is 8 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need if the current sales of $2,800,000 are projected to increase by 15 percent? $22,890 $23,520 $22,480 $21,560 $20,310
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