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The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet 41,000 Assets $152,000 Debt 45,500 27,700 Sales Equity 106,500 Costs
The most recent financial statements for Bello, Inc., are shown here: Income Statement Balance Sheet 41,000 Assets $152,000 Debt 45,500 27,700 Sales Equity 106,500 Costs Taxable $13,300 $152,000 Total $152,000 income Taxes (22%) 2,926 Net income $10,374 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,650 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $47150. What is the external financing needed? (Do not round intermediate calculations.) External financing needed
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