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The most recent financial statements for Bello, Inc., are shown here: Balance Sheet Income Statement Sales Costs $39,800 Assets $146,000 Debt $42,500 Equity 103,500 27,100
The most recent financial statements for Bello, Inc., are shown here: Balance Sheet Income Statement Sales Costs $39,800 Assets $146,000 Debt $42,500 Equity 103,500 27,100 Taxable income $12,700 $146,000 Total $146,000 Taxes (21%) 2,667 Net income $ 10,033 Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,350 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $45,770. What is the external financing needed? (Do not round intermediate calculations.) External financing needed
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