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Rossiter's currently has total assets of $203,000, long-term debit of $78,400, and current liabilities of $36,700. The dividend payout ratio is 25% and the profit
Rossiter's currently has total assets of $203,000, long-term debit of $78,400, and current liabilities of $36,700. The dividend payout ratio is 25% and the profit margin is 5.8%. 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 $185,000 are projected to increase by 5%?
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