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The 2 0 1 9 financial statements for Growth Industries are presented below. Sales and costs are projected to grow at 2 0 % a
The financial statements for Growth Industries are presented below.
Sales and costs are projected to grow at a year for at least the next years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal of longterm debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of
What is the required external financing over the next year?
Note: Enter excess cash as a negative number with a minus sign.
External financingM
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