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Solve for External Financing needed???? PLEASE!!!- the answer is not $2327.84 or $11,001.89 The most recent financial statements for GPS, Inc., are shown here Assets

Solve for External Financing needed???? PLEASE!!!- the answer is not $2327.84 or $11,001.89

The most recent financial statements for GPS, Inc., are shown here

image text in transcribed

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,000 was paid, and the company wishes to maintain a constant payout ratio. Next year?s sales are projected to be $37,400.

What is the external financing needed?

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