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The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales Balance Sheet $38,000 Assets $137,000 Debt $38,000 26,200 Costs Equity 99,000
The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales Balance Sheet $38,000 Assets $137,000 Debt $38,000 26,200 Costs Equity 99,000 11,800 $137,000 Total $137,000 income Taxes (22%) 2,596 Net income $ 9,204 Assets and costs are proportional to sales; debt and equity are not. A dividend of $2,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $42,560 What is the external financing needed? (Do not round intermediate calculations.) External financing needed
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