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Question 26 SJ Resort has the following financial information for 2020 Sales = $37,000 Net Income = $7,400 Dividend = $1,850 . Current Assets (CA)
Question 26 SJ Resort has the following financial information for 2020 Sales = $37,000 Net Income = $7,400 Dividend = $1,850 . Current Assets (CA) = $7 400 . Fixed Assets (FA) = $66,600 Current Liabilities (CL) = $3,700 Long-Term Debt (LTD) = $18,500 Common Stock and Additional Paid In Capital (C/S + APIC) = $37.000 Retained Earnings (R/E) = $14,800 If sales in fiscal year of 2021 are projected to be $44,400, what is the amount of external financing needed? (assuming SJ Resort is operating at full capacity and profit margin and payout ratio remain constant)
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