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Screenshot: Here are the abbreviated financial statements for Planners Peanuts: INCOME STATEMENT, 2012 Sales $ 2,500 Cost 1,900 Net income $ 600 BALANCE SHEET, YEAR-END
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Here are the abbreviated financial statements for Planners Peanuts: |
INCOME STATEMENT, 2012 | |||
Sales | $ | 2,500 | |
Cost | 1,900 | ||
Net income | $ | 600 | |
BALANCE SHEET, YEAR-END | |||||||||
2011 | 2012 | 2011 | 2012 | ||||||
Assets | $ | 2,500 | $ | 3,000 | Debt | $ | 853 | $ | 1,000 |
Equity | 1,647 | 2,000 | |||||||
Total | $ | 2,500 | $ | 3,000 | Total | $ | 2,500 | $ | 3,000 |
If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2013 of 15%, 20%, and 25%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
External Financing | |
15% | $ |
20% | |
25% | |
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