The 2019 financial statement for growth industries are presented below

Chrome File Edit View History Bookmarks People Tab Window Help Bb Assignment Inst G Google Account X My Drive - Goog X -> C Untitled docume x MMIP - McDona X Untitled docume X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/ Connect Chapter 18 Homework i Saved Help Sales INCOME STATEMENT, 2019 Costs $ 330, 000 215 , 000 7.33 EBIT Interest expense $ 115, 000 points Taxable income 23 , 000 Taxes (at 218) $ 92, 000 Skipped Net income 19, 320 Dividends $ 43, 608 $ 72 , 680 Addition to retained earnings $ 29, 072 eBook Print BALANCE SHEET, YEAR-END, 2019 Assets Liabilities Current assets Current liabilities Cash $ 9 , 000 Accounts payable $ 16, 000 Accounts receivable 14, 000 Total current liabilities $ 16, 000 Inventories 37, 000 Long-term debt 230, 000 Total current assets 60,000 Stockholders' equity Net plant and equipment 270, 000 Common stock plus additional paid-in capital 15 , 000 Retained earnings 69, 000 Total assets $ 330, 000 Total liabilities plus stockholders' equity $ 330, 000 Sales and costs are projected to grow at 30% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 75% capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal 10% of long-term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of 0.60. What is the required external financing over the next year? (Enter excess cash as a negative number with a minus sign.) Mc Prey. 1 of 3 Next > Graw Education